August 18, 2022

Reporters’ Diary

Factual Reportage

Ascon Oil Company Limited re-claim Petrol Filling Station at Admiralty Way Lekki Phase 1

The Quest Oil & Engineering Services Limited, owners of Ascon Oil Company Limited  has re-claimed the petrol filling station located at Block 36 Admiralty Way, Lekki Phase 1 in line with the earlier Order of Justice Liman of the Federal High Court in Lagos setting aside his previous Order restraining Ascon from interfering with the activities of the purported Receiver, Olawale Akoni SAN who saw to the illegal possession of the Property by Rain Oil Limited.

According to the Chief Executive Officer, Ascon Oil Company Limited, Mr. Goke Dele, “we are setting the pace in the downstream sector as a major player with innovative energy solutions. Our current asset optimization across the country symbolizes our reinvigorated strategy for the Nigerian Energy, Oil & Gas market”.

Ascon Oil Company Limited will continue to carry out its lawful services in line with the provisions of the law, he said.

As part of its plans to position the downstream sector in the global energy transition map, Ascon Oil Company Limited plans to provide alternative sources of fuel to its customers as it plans to deploy autogas infrastructures across its service stations strategically located across the country. This is not only a giant stride, but further gives credence to the company’s commitment and investment in innovative clean energy technology in the downstream sector. This, the company believes, will lead to employment generation, and the creation of cleaner fuel sources which will reduce the cost of energy for Nigerians.