MRS Oil Nigeria Plc
| Company type | Public |
|---|---|
| NGX: CHEVRON | |
| Industry | Oil and gas |
| Predecessor |
|
| Headquarters | Lagos , Nigeria |
Area served | Nigeria |
Key people | Patrice Albert Marco Storari |
| Products | |
| Revenue | 182.310 billion naira[1] (2023) |
| 4.048 billion naira[1] (2023) | |
| Owner | MRS Holdings Ltd. |
| Website | www |
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.
History
[edit]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.[2] In 2006, Texaco Nigeria became Chevron Oil Nigeria Plc.[3]
In 2009, a consortium of MRS Holdings and Petroci Holdings bought majority stake of Chevron Oil Nigeria Plc to form MRS Oil Nigeria PLC.[4][5] The transaction was operated between Chevron's Bermuda-based holding (Chevron Nigeria Holdings Ltd.) and MRS' Panama-based holding (Corlay Global S.A.).[6]
In 2025, MRS Oil Nigeria was delisted from the Nigerian Exchange Limited and listed to the NASD OTC Securities Exchange.[7]
Activities
[edit]MRS Oil has three business units: sale of petroleum at retail outlets or to industries, sale of aviation fuel and blending of lubricants.[8]
MRS OIL is 60%-owned by MRS Africa Holding, property of Aliko Dangote's half-brother Sayyu Dantata.[9]
See also
[edit]References
[edit]- ^ a b "MRS Nigeria PLC Annual Report and Financial Statements for 2023" (PDF). Retrieved May 30, 2024.
- ^ Egene, Goddy (2013-07-03). "Nigeria: MRS Oil Nigeria - in Dire Need of Cheaper Funding". This Day (Lagos). Retrieved 2018-07-27.
- ^ "Texaco Nigeria changes name to Chevron Oil Nigeria Plc". Proshare. 9 October 2006. Retrieved 2025-07-14.
- ^ Kantai, Parselelo. "Fuel barons: Oligarchs' party may be over". Retrieved 2018-07-27.
- ^ Iriekpen, Davidson (31 March 2009). "Nigeria: MRS Takes Over Texaco". All Africa. Retrieved 2025-07-14.
- ^ "Chevron Sells Fuels Marketing Business in Nigeria". www.gcs-web.com. 19 September 2008. Retrieved 2025-07-14.
- ^ "MRS Oil Nigeria Plc Announces Voluntary Delisting from the Nigerian Exchange Limited (NGX) and Admission to the NASD". 28 March 2025. Retrieved 2025-07-14.
- ^ "MRS Oil Nigeria". U.S. Retrieved 2018-07-27.
- ^ "Aliko Dangote's brother Sayyu Dantata gains over $10 million from MRS Oil stake". GhanaWeb. 2023-07-26. Archived from the original on 2024-12-20. Retrieved 2025-07-14.
External links
[edit]| International | |
|---|---|
| National | |
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