Nigeria’s local content drive in the oil and gas sector has received a major boost as an indigenous oil company, Eterna Oil expands its investment in the sector to boost production of variants of Castrol oil which was hitherto imported, Oriental News reports.
The company’s managing director Mahmud Tukur while briefing the media on its investment drive ahead of the official launch of the made in Nigeria product, said Eterna currently operates a 15,000, metric tons (MT) capacity state-of-the-art lubricant manufacturing plant, which is fully owned through its subsidiary Eterna Industries Limited and is one of only 3 Castrol accredited blending plants in Africa.
The plant which is equipped with a state of the art laboratory to support the blending activities as well as used oil analysis services for customers, can blend up to 45,000 MT, if it runs three full shifts. He said the company has invested about N3 billion to further expand the plants operations.
Tukur added that in the next few months the company will be rolling out sales points nationwide, appointing distributors in strategic markets, partnering with independent retailers and constructing its own mega stations in key cities including Abuja and Calabar.