Ibile Oil and Gas Corporation

Ibile Oil and Gas Corporation (IOGC) is a wholly state-owned integrated energy company established by the Lagos State Government under the IBILE Oil and Gas Corporation Law, 2013 (now Cap 11, Laws of Lagos State, 2015). It operates as the commercial oil and gas arm of Lagos State, with a mandate to ensure energy security along the value chain and to lead the state's energy transition by deepening the use of cleaner fuels. The company commenced full operations in 2019 and has since grown its downstream and gas infrastructure businesses. IOGC's downstream operations cover the supply chain for petroleum products and lubricants, including procurement, storage, transportation and distribution. Its gas infrastructure and marketing division aims to make LPG affordable, accessible, available and acceptable, while also developing CNG, LNG and natural gas solutions for domestic, transportation, commercial, power and industrial sectors. The company retails high-quality products such as LPG, CNG, Automotive Gas Oil (AGO), Premium Motor Spirit (PMS) and lubricants to public and business entities. Its lubricant range includes MAX2050 (SAE 20W 50) high-performance multigrade engine oil and IBILE SYN (SAE 5W 30) fully synthetic lubricant. IOGC serves government ministries, departments and agencies (MDAs), residents, and industrial and commercial businesses across Lagos State and other parts of Nigeria. Its operations span the five divisions of Lagos State. The company reports 10 retail filling stations (RFS) and counting, 5 LPG refill plants and counting, and over 183 employees. It is an establishment under the Lagos State Ministry of Energy and Mineral Resources. With a mission to provide sustainable, clean, reliable and stable energy in an environmentally friendly manner, IOGC emphasises corporate governance, ethical behaviour, integrity and respect. It plans to expand into upstream petroleum operations and clean energy solutions in the near to medium term. The company's values include value delivery, accountability, respect, integrity and transparency, and it maintains a strong commitment to health and safety.

Ibile Oil and Gas Corporation (IOGC) was established by the Lagos State Government under the IBILE Oil and Gas Corporation Law, 2013, which was later consolidated as Cap 11, Laws of Lagos State, 2015. The company was created as Lagos State's commercial oil and gas entity, with a mandate to ensure energy security along the energy value chain and to lead the state's energy transition by deepening the use of cleaner fuels. IOGC commenced full operations in 2019. Since then, its business activities have grown over the years, spanning downstream operations and gas infrastructure and marketing. The company has developed a network of retail filling stations and LPG refill plants across the five divisions of Lagos State. As of its official website, IOGC reports 10 retail filling stations (RFS) and counting, 5 LPG refill plants and counting, and over 183 employees. IOGC's downstream operations cover the supply value chain, including procurement, storage, transportation and distribution of petroleum products and lubricants. Its gas infrastructure and marketing division focuses on making LPG affordable, accessible, available and acceptable, while also developing CNG, LNG and natural gas solutions for domestic, transportation, commercial, power and industrial sectors. The company retails high-quality products such as LPG, CNG, Automotive Gas Oil (AGO), Premium Motor Spirit (PMS) and lubricants to public and business entities. Its lubricant range includes MAX2050 (SAE 20W 50) high-performance multigrade engine oil and IBILE SYN (SAE 5W 30) fully synthetic lubricant. IOGC is dedicated to meeting the energy demands of government ministries, departments and agencies (MDAs), residents, and industrial and commercial businesses across Lagos State and other parts of Nigeria. The company plans to expand into upstream petroleum operations and clean energy solutions in the near to medium term. It operates under the Lagos State Ministry of Energy and Mineral Resources and is wholly owned by the Lagos State Government.

• 2019

  Commenced full operations.

• 2015

  Law consolidated as Cap 11, Laws of Lagos State, 2015.

• 2013

  Established under the IBILE Oil and Gas Corporation Law, 2013.

Lagos State's commercial oil and gas entity focused on energy security and transition to cleaner fuels.

• MAX2050 (SAE 20W 50) high performance multigrade engine oil

  High quality engine oil.

• IBILE SYN (SAE 5W 30) fully synthetic lubricant

  High quality fully synthetic engine oil.

• LPG, CNG, LNG and Natural Gas

  Gas products for domestic, transportation, commercial, power and industrial sectors.

• Automotive Gas Oil (AGO) and Premium Motor Spirit (PMS)

  Petroleum products for retail and commercial supply.

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