Oando Marketing Plc, based in Lagos, Nigeria, has unveiled Oleum SYN, a synthetic motor oil, for the local market.
Chief Operating Officer Williams Olaposi said the product is aimed at meeting the lubrication requirements of more sophisticated engines.
“The firm believes in meeting the yearnings of various users of automobiles in Nigeria. For years, the country has been using fairly used cars otherwise known as Tokunbo, and Oando has lubricants for people driving such cars,” she said.
“In recent times, there has been a paradigm shift from the use of Tokunbo to new cars. Nigerians are now driving new and highly sophisticated vehicles, and the only way to satisfy people in that segment was to produce synthetic lubricant.”
She said every litre of Oleum SYN is formulated with high quality base oils and additives and that the product meets international standards.
“A log of research was conducted by Oando Marketing in order to produce a wide range of lubricants. We at Oando have invested in our plants in Apapa, Lagos and Kaduna. The two plants have a combined capacity of over 100 million litres. So, if you talk about new bottles, adverts, research in terms of additives that we have used, over USD 400 millon has been invested to ensure that Oando products come out in the best package one can think of,” she said.
Oando Marketing is a fully owned subsidiary of Oando Plc, Nigeria’s leading supplier and distributor of refined petroleum products. It has a market share of 22% of the domestic lubricants market. It also has subsidiaries in Ghana, Togo and Burkina Faso.
Oando has more than 420 fuel retail outlets across the country, supported by seven terminals with a combined capacity of more than 140,000 million litres.