Minister of State for Petroleum Mr. Odein Ajumogobia disclosed recently when he led some top government personnel on a visit to the three facilities. According to him, the facilities of Capital Oil, Rahamanniyya and Integrated have been approved for the distribution of imported petrol so as to arrest the current scarcity of petroleum products.
The minister was accompanied to the Lagos jetties and tank farms of the three companies by the Presidential Adviser on Petroleum Matters; Dr. Emmanuel Egbogah and the top management of the Pipelines and Products Marketing Company (PPMC).
While welcoming the ministerial delegation to its premises, the managing director of Capital Oil and Gas, Mr Ifeanyi Uba disclosed that a whopping investment of about N100 billion has been made into its activities in the downstream sub sector and related activities in the past two years when the company came into existence.
Briefing the minister, the Capital Oil boss added that the company was also involved in the construction of a truck parking bay with capacity for more than 750 trucks at once.
Calling on the federal government to create a truly level playing field for all operators; especially at this time that the downstream sector is about to be fully deregulated and claimed that his company has the highest indigenous investment in the sector.