LAGOS, Nigeria – Nigerian National Petroleum Corp. will partner with a local blender to enter the finished lubricants market in October, an NNPC subsidiary official confirmed to Lube Report at the first Nigerian Lubricant Summit here.
We are going into the lubricants business definitely, Chris Osarunwese, chief executive of subsidiary NNPC retail, told Lube Report on the sidelines of the recent Nigerian Lubricant Summit. We have an arrangement with a local blending plant which sources the base oils and additives and produces the lubricants on our behalf. It is a contract blending arrangement. So, it is the responsibility of the blender to source the base oils for us.