History

The story of ASCON OIL is the story of an idea defying all odds, born in the mind of one of Nigeria’s brightest visionaries who came, who saw and who conquered. His name: GEORGE IKEMEFUNA ENENMOH, the founding Managing Director that passed on in 2005.

“In 1985, George Enenmoh refused to be cowed by the inherent vagaries in the Nigerian business environment. He had a vision to grow a fully integrated Oil and Gas company. Barely 30 years old and still green, but armed with encouragement from his family, grit and tenacity of purpose, he launched into the murky and uncertain terrain of the Nigerian oil and gas industry; then an enclave entity. That vision led to the birth of ASCON Oil Company Limited.” – Vanguard Newspapers. October 29, 2006.

The statement above is an apt backgrounder to the thinking that led to what is known today as ASCON OIL, a company that became incorporated in 1984. Three decades down the line, we are still very clear about our vision to be Africa’s most innovative, principled and value driven oil and Gas Company. Every step of the way in the last thirty years, we have continued to live each day laying the foundation for reciprocal loyalty by setting the standards for customer satisfaction and employee engagement.

Our company started operations initially in Kano and got its NNPC/PPMC bulk purchase agreement signed in 1988 as an Independent Petroleum Products Marketer. In 1991, we moved our Headquarter to Lagos from Kano which now serves as a regional office for northern branches. In 1999, the company completed the construction of a bulk storage terminal at Ibru Port complex. Designed and constructed in its entirety by Nigerian Engineers, the terminal has a capacity of 35,000 MT with a loading capacity of 3 Million litres per day. Basically, our operations cover the marketing of refined petroleum products through retail outlets (petrol filling stations), and bulk supplies to commercial and industrial consumers.

In 2005, we added another laurel to our achievements by purchasing and taking delivery in Turkey of the twin 7000 MT capacity sea-going vessels namely MT CALIP SETER, which we named MT AGBOIYI and now presently called MT LOVELY GEORGE.  The other half of the twin vessel is the MT AHMED KARAOSMAN which is also presently known as MT GRACIOUS.

From 2005 when the Founding Managing Director passed on, the baton of leadership was passed to Mrs. Grace Olowofoyeku who has sustained the dreams, the aspirations, the drive and the brilliance of the late George. Under her leadership, the company has grown in leaps and bounds, expanding its retail outlets from eleven to thirty-nine.

Sustaining the posture of a leader responsive to the ever-growing need of a populace as large as Nigeria, ASCON OIL, in 2010, expanded its business frontiers to include a new range of lubricants for the market. Innovating at the speed of need, we have brought the ASCON QUALITY to bear on the lubricant market and the buying public have been more than loyal to that gesture.

Today, we have added aviation fuel to our range of products as ASCON AVIATION commenced operations in September 2014. This is a commitment aimed at setting a new bar of performance for a sector that has zero tolerance for errors. It is a commitment to safer air journeys.

As the world goes green, we are also looking in the direction of liquefied petroleum gas, which will be a testimony of our commitment to a cleaner world. We think of your energy needs everyday. Welcome to the home of energy.

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