Heyden Petroleum Expands Downstream Operations

Invests N10bn on new retail outlets, Unveils Lagos retail outlet
By  Chika Amanze-Nwachuku and Ugo Aliogo

In line with its commitment to drive excellence in the downstream sector of the Nigerian oil and gas industry, Heyden Petroleum Limited has acquired 40 new petrol stations, thus bringing the number of its retail outlets to 50.

The upgrade of the newly acquired petrol stations is currently ongoing and is billed for completion in months.



Speaking weekend at the unveiling of one of the rebranded retail outlets, located in Alapere axis on the ever-busy Third Mainland Bridge, Lagos, the Managing Director, Dapo Abiodun, said the company invested has over N10billion in the acquisition of the new petrol stations.

Abiodun, who is also the Chairman of Depot and Petroleum Marketers Association of Nigeria (DAPMAN), said the filling stations are being upgraded to ensure consumers get value for their money at every visit to the firm’s retail outlets.

The firm’s retail outlets are strategically located in major cities such as Lagos and Ogun. However, the company plans to expand its retail outlets operations to Oyo, Osun, Ekiti, Edo, Kwara, FCT Abuja and other parts of the country.

According to Abiodun, “We have acquired over 40 petrol stations presently, which brought our total to 50 fuel stations.

Our stations are located in Lagos and Ogun states respectively. Ogun is a new market for us. We will begin our expansion to Oyo, Osun, Ekiti, Edo, Kwara, FCT Abuja (which we are currently working on) and other parts of the country.”

The Heyden Petroleum boss stated that the Victoria Garden City (VGC) petrol station is being rebranded and would be inaugurated soon. The VGC retail outlet, perhaps the biggest filling station in Lagos currently, has 26 pumps to dispense petrol to 26 vehicles simultaneously.

“We are one of the biggest importers of petroleum products in the country; we have our tank farms, ships and good distribution networks. Therefore, our filling stations will always have fuel. We have built a good brand in terms of doing wholesale and coming down the retail line to add to the value chain”, he said.

 The DAPMAN chair emphatically stated: “The VGC station will be unveiled in the next one month. We have other stations in Lagos. We are going to be inaugurating them monthly or every three months; we are working on them in batches of five so that by December, we would have inaugurated all of them.”

He added: “What we witnessed from the first two we launched has been very successful. We are very much encouraged that Nigerians appreciate stations that were well built and managed.

“That for us is what we have done and we are justified with the result we have seen and we will continue to do this. We are here to redefine how petrol is sold to the public and we are confident that we will be seen as one of the leaders in the petroleum retail sector.’’

 The newly launched retail outlet in Lagos has nine pumps; seven of the nine are dual dispensers, which imply that 14 vehicles can buy petrol at the same time. It also has one pump for kerosene and diesel. In all, it has 16 dispensing units and about 15 attendants employed by the company.

Abiodun commended President Muhammadu Buhari and the Minister of State for Petroleum, Dr. Ibe Kachikwu for the deregulation of the downstream sector, noting that “this is a feat which previous administrations had tried, but failed.” The deregulation brought the incentive to establish the retail business.’’

The Group Executive Director and Chief Operating Officer, Downstream, at the Nigeria National Petroleum Corporation (NNPC) Mr. Henry Ikem-Obih said at the unveiling of the new filling station that globally, the downstream sector impacts more in peoples’ lives. He commended Heyden Petroleum for its long term vision, pointing out that with the current wind of change in the industry, only firms that have the capacity and long term vision can play in the sector.

 “Dapo is one of those individuals with a long term vision. He invested in a terminal for distribution among others. He has arrangements around trucking, which ensures that he also moves his products by road at the right competitive prices.

Obih said Heyden has massive investment in every aspect of the retail chain, which ensures that every component of the supply chain can provide money, adding that this helps the NNPC downstream sector to achieve its plan of N145 naira per litre cealing. “Therefore based on the fully deregulated model which is constrained by forex challenges today, it underlines the need for people to be more integrated in the sector to be able to make money.”

“The only way to make money is to play in every component of the supply chain, so that you profit from all the capital invested. I want to commend the President Buhari for transiting to today’s environment, it was very difficult. But we went back to complain to him.

Johnandv:
[/s]

Who would call it nonsense of not the only envy hearted tribe in the west, please don't follow awolowo foot steps when you reason Igbo successes I beg you.. They show you want then you want link they give you link you want fact, this is a mental case I can discern

Johnandv:

Igbo companies spread all across Nigerian states and beyond, even stretching all the way to Togo, Benin, Ghana and so on. We have employed not just more yorubas but like I stated clearly even other tribes in large numbers and ofcourse it has been proved time and time again even from the statements of Hausa elites who are more honest than yorubas but you lots will seal your mouths and claim its a lie, scam, 2x2 etc, you will even doubt Christ if he confirms it to you so who are we? just mere mortals who are most enterprising, not our fault biko

Johnandv:


Like the nairaland and bobrisky group of companies I guess. We have shown you that we run the industrial sector in Nigeria, what do you yorubas own? I guess by claiming owner ship of Igbo ownened processing plants as yours. Go and sleep mor0ns, big moths and small pockets.

Origamist:
Heyden Petroleum Ltd.
Leadway Assurance Company.
ENL Consortium.

Johnandv:
[/s]

Imaginary indeed, coming from the tribe that are never truthful to even themselves, big mouths and small pockets. If you want facts go to Igbo thread and commit suicide cos I bet that's the obvious about SW rat poison crooners. Like I said go to IGBO thread and see what less than 4 Igbos are displaying. Mehn Igbos beat yoruba hands down in all facets of life

Johnandv:


Coming from the scarface oduduwa tribe, which industry which industry yet you use our processing plants pictures to pose. We all know you people, evil and full of crap, we overrook you in even your education which most of you have admitted but would still come back again to deny. Haba what is all these nau! We show you facts you say you want proof then we show you proof you say you want link. Tufia

Johnandv:
[/s]
Bu ha ha
We will continue to run things till Biafra comes and then run the world alongside China. Drink rat poison

Johnandv:
[s]
When we used to decieve you? you see why I dislike your tribe? Who is the master of deciet through media if not afongyz, you say you ate shokishtikated in emulation yet we have debunked it now you are crying fail. We will continue to run things till Biafra comes, live your life to the fullest on your unpopular nairaland

GoldNiagara:
Johndv or wetin be your name. why do let this thing pain you like this, you cant even hide your painment.

Johnandv:
[s][/s]

Once again doing what you do best 'deny'. Go ahead you need it to to be able to stay alive cos if depression can make you prople locate rat poison so I won't blame you for struggling to survive.

Markfemi2:
When you meet Christopher ‘King’ Bowofade, y

http://techcabal.com/2017/08/14/king-chris/

Johnandv:

Coming from a cowrad, why couldn't you quote me direct. The Igbos have beaten you hands down and you are consoling yourselves with 2x2. Na you e pain o

GoldNiagara:


I don't slang match with simpleton! Now go clean something of mine.

Johnandv:


This sums up the stvpidity I suspected about you guys all along. You should first comprehend the truth that Igbos employ and provide foods on the table of more yorubas than yorubas do for themselves first before you think of even making such an obnoxious claim as yours and if are honest enough you would admit openely not just in your heart and then come here to deny(what you do best). Thank God you mentioned Fidelity&Diamond bank(Igbo owned) as having less Igbo employees according to you, which means there is integration of other ethnicities which yorubas are one of and should be thankful for, all we need is a simple 'thank you my masters' not ungratefulness.