MRS Oil Nigeria Plc explained

MRS Oil Nigeria PLC
Type:Public
Industry:Oil and gas
Successors:-->
Founders:-->
Hq Location City:Lagos
Hq Location Country:Nigeria
Area Served:Nigeria
Key People:Patrice Albert
Marco Storari
Revenue:182.310 billion naira[1]
Revenue Year:2023
Net Income:4.048 billion naira
Net Income Year:2023
Owner:MRS Holdings Ltd.

MRS Oil Nigeria Plc is a Nigerian oil marketing company with headquarters in Lagos. The firm previously traded under the name of Texaco Nigeria Plc.

MRS Oil has three business units: sale of petroleum at retail outlets or to industries, sale of aviation fuel and blending of lubricants.[2]

Previously known as Texaco Nigeria Plc, a firm whose activities in Nigeria dates back to 1969 when it was established to take over the Nigerian trading interest of Texaco Africa Limited.[3] In 2009, a consortium of MRS Holdings and Petroci Holdings bought majority stake from Chevron Oil and Gas to form MRS Oil Nigeria PLC.[4]

Notes and References

  1. Web site: MRS Nigeria PLC Annual Report and Financial Statements for 2023 . May 30, 2024.
  2. Web site: MRS Oil Nigeria . Reuters Editorial . U.S. . en . 2018-07-27.
  3. News: Nigeria: MRS Oil Nigeria - in Dire Need of Cheaper Funding . Egene . Goddy . 2013-07-03 . This Day (Lagos) . 2018-07-27.
  4. News: Fuel barons: Oligarchs' party may be over . Kantai . Parselelo . 2018-07-27 . en-GB.