Rainoil Limited was incorporated in November 1994 and commenced business as an Oil Marketing Company in the downstream sector of the Oil and Gas Industry in May 1997. From very humble beginnings with one Service Station in 1999 with which we entered into a Bulk Purchase Agreement with NNPC as an Independent Petroleum Products Marketing company, we have grown to a group of subsidiary companies with substantial investments in the following areas of the Downstream Operations: Tank Farm Operations, Jetty Services, Haulage/Distribution and Retail Outlets Operation.
We currently operate twenty services stations strategically located in all geo-political zones in the country and aim to be present in all major towns and cities. Our main product lines are Petrol (PMS), Diesel (AGO) and Kerosene (DPK). PMS however, accounts for about 80% of our volume. In addition, we have acquired a large customer base of other independent marketers who rely on the company for the supply of products for their service stations, especially PMS.
To support the efficient delivery of products to our network of stations and customers across the country, we own and operate a fleet of over fifty (50) tank trucks. This fleet is constantly being renewed through a deliberate truck acquisition policy to ensure a healthy fleet.
Our ultra- modern multi-product storage depot with a combined capacity of 33.4 million litres is located in Oghareki, Delta State. With the tank farm we are able to purchase products from PPMC and import from reputable Off-shore suppliers such as Glencore Energy UK Limited and VITOL. This guarantees availability of products and supply to our esteemed customers nationwide.
We also buy products from other major players in the industry such as Oando Plc with whom we have a strategic business relationship and operate five of our petrol stations under their brand. The others are Folawiyo Energy Limited, Conoil, Oando Supply and Trading Limited and other reputable companies trading in oil and gas products.
We have well trained and dedicated personnel that ensure that company is serving its customers adequately and stakeholders’ goals and objectives are met.