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Offline Isaac Adeniran

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« on: December 07, 2014, 07:28:24 AM »

The company started marketing of petroleum products in Nigeria in 1913 under the Texaco brand name. this was then distributed exclusively by CFAO a French multinational retail company. In 1964 Texaco Africa limited started direct marketing of Texaco products selling through service stations and kiosks acquired from the said multinational retail company, on lease terms. It also entered the aviation and bunkering business.

On August 12, 1969 Texaco Nigeria limited was incorporated as a wholly-owned subsidiary of Texaco Africa Limited, thus inheriting the business formerly carried out in Nigeria by Texaco Africa Limited. With the promulgation of the Nigeria Indigenization decree in 1978 40% of Texaco Nigeria Limited were sold to Nigeria individuals and organizations by Texaco Petroleum company.


Early in 2009, in efforts to continue to grow and expand our business, MRS concluded a high profile acquisition of Chevron Downstream assets in Nigeria flagging the Texaco brand. With this excellent acquisition, a very strong brand foundation with over 50 years presence in the Nigeria market was inherited with a human capital of over 200 dedicated, experienced and well trained employees who are committed to the future growth of MRS Oil Nigeria Plc.

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« on: December 07, 2014, 07:28:24 AM »

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