MRS Oil Nigeria Plc is a fully integrated and efficient downstream player with leading positions in the Nigeria Oil Industry. We are the supplier of choice to our esteemed customers, thus strengthening our commitment of product reliability and excellence in service offerings.
We are an organization focused on improving our operating efficiencies in all areas of the downstream sector where we currently operate. We have an excellent track record and an in-depth knowledge of the Nigeria downstream sector.
We are one of the largest and leading marketer of refined products, including quality gasoline, marine and aviation fuels in the downstream industry in Nigeria. We market premium fuels under the MRS brand across 416 retail service stations strategically spread all over Nigeria.
With our wide range of lubricants and industry expertise, we also offer premium lubricant brands – Stallion and Premier Motor Oil. The company’s proprietary blending facility and its research and development facilities in Apapa allow us to supply premium quality products, to our esteemed customers’.
Our lubricants have been trusted to keep things running smoothly and reliably. The lubricants are sold nationwide in our service stations and selected distributors.
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 Nigerian individuals and organizations by Texas Petroleum company.
In 1990,the companies and Allied Matters Decree came into force and this necessitated the dropping of ‘Limited’ from the company’s corporate name to the prescribed ‘Public Limited Liability Company’(PLC) with its shares quoted on the Nigerian Stock Exchange.
Following the creation of ChevronTexaco in 2001 from the merger between Chevron Corporation and former Texaco Inc., Texaco Nigeria Plc became and integral part of the new corporation. As ChevronTexaco considered the acquisition of former UNOCAL, the board of ChevronTexaco decided to drop ‘Texaco’ and retain only Chevron as the new name of the enlarged corporation.
Effective September 1 2006 the company’s name changed from Texaco Nigeria Plc to Chevron Oil Nigeria Plc following a directive from the Chevron Corporation’s headquarters to all affiliate companies designed to present a clear, strong and unified presence of Chevron Corporation throughout the world.
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.
We stand for TEST – Teamwork, Excellence, Service & Trust