Rainoil Limited was incorporated in November 1994 and commenced business as an Oil Marketing Company in the downstream sector of the Oil and Gas Industry in May 1997. The main business activity at this time was the supply of petroleum products mainly AGO, LPFO and Lubricants to manufacturing companies.
In 1999, the company’s first Service Station was built along Benin- Asaba Expressway in Igbodo, Delta State. This was closely followed by the signing of a Bulk Purchase Agreement with the Nigeria National Petroleum Corporation as an Independent Petroleum Marketer. With the signing of this agreement, we commenced the lifting of Petroleum Products from the NNPC depot/refinery in Warri. We have grown organically over the years. From our first service station in 1999, we have expanded our network of service Stations/Retail Outlets to Twenty-Two.
Our main product lines are Petrol (PMS), Diesel (AGO) and Kerosene (DPK). PMS however, accounts for about 80% of our volume. We have also made significant investment in trucking to aid the distribution and delivery of products to our network of stations and customers across the country. We currently own and operate a fleet of over fifty (50) tank trucks. Our major suppliers are Oando Plc and Nigerian National Petroleum Corporation. From these two companies, we source for about 80% of the products we sell. Of the two companies, Oando Plc however stands out as our major supplier. Four of our service stations run under the Oando Brand name, although we own and operate the stations fully.aaWe also purchase products from Folawiyo Energy Limited, Integrated Oil and Gas Ltd, Ascon Oil Co. Ltd and a few other reputable companies trading in oil and gas products. To further ensure adequate supply of products to our stations, we have commenced importation of AGO from GLENCORE ENERGY U.K. LTD, doing about 5.000MT per time.
We have a workforce of about 500 trained and dedicated personnel that ensure that company is serving its customers adequately and stakeholders’ goals and objectives are met. The following position is available:
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