MRS Oil Nigeria Plc
Nigerian oil marketing company
From Wikipedia, the free encyclopedia
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.
| 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 |
History
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
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]
