Techno Oil Limited

What Techno Oil Limited does

Techno Oil Limited is a privately-held Nigerian downstream energy company founded in 1997 and headquartered in Lagos. It operates across four integrated business areas: fuels, LPG, lubricants, and LPG cylinder manufacturing. The company's asset base is the core of its technology stack — a 65,000 MT fuel terminal at Apapa with a 200-metre jetty, an 8,400 MT LPG coastal storage terminal at Kirikiri with a private jetty capable of loading 6,000 MT per day, a 10,000 MT automated lubricant blending plant at Lekki, and West Africa's largest fully automated LPG cylinder manufacturing plant at Kajola with annual capacity exceeding 5 million cylinders. Production facilities use robotics and digital production systems and are ISO 9001:2015 certified, with SON MANCAP certification covering TechnoGas LPG cylinders.

The company monetizes the four business lines through distinct revenue mechanics: fuel storage and distribution and LPG importation/storage/bottling operate on volume-based transaction fees across bulk B2B customers; lubricant and LPG cylinders are sold as hardware units (technooil.com/shop e-commerce and retail distributors). Pricing is unit-based for retail products (e.g., ₦3,400 for a 1L Techno HD 40; ₦28,000 for a 6KG TechnoGas cylinder) while bulk fuel and lubricant B2B contracts are quoted on request. Customer segments span Nigerian households transitioning from biomass to LPG, industries and businesses requiring bulk fuel and lubricants, and marine customers served through coastal fuel supply.

Go-to-market is hybrid: an enterprise field sales motion for large supply via a "Request a Quote" system, paired with direct-to-consumer e-commerce and a nationwide retail and distribution network. The company pursues regulatory alignment through federal and Lagos State partnerships, the CookSafe advocacy initiative distributing 50,000+ gas stoves, and integrated LPG value chain ownership that compresses intermediation costs versus imported-cylinder competitors. Ownership remains concentrated with founder and GMD/CEO Nkechi Obi, with no disclosed institutional equity rounds.

Name

Techno Oil Limited

Legal name

Techno Oil Limited

Website

https://technooil.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Techno Oil Limited is a privately-held Nigerian downstream energy company that operates fuel and LPG storage terminals, an automated lubricant blending plant, and West Africa's largest LPG cylinder manufacturing facility, serving households, industries, and marine customers across Nigeria.

Ownership category

akta.pro rank

Product category

Downstream Energy and Petroleum Products

NAICS

Petroleum Lubricating Oil and Grease Manufacturing (324191), All Other Petroleum and Coal Products Manufacturing (324199), Pipeline Transportation of Refined Petroleum Products (486910)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Miscellaneous Products Of Petroleum & Coal (2990), Metal Shipping Barrels, Drums, Kegs & Pails (3412)

akta.pro primary industry

Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH)

akta.pro secondary industries

NGL/LPG Storage & Fractionation Terminals (TLAGAKAE), Base Oil Production & Supply (Group I–V, Re-refined) (EUALAJAA), Lubricants, Fluids & Chemical Products Distribution (Oils, Coolants, AdBlue/DEF, Cleaners) (TLAKAOAL), Marine & Offshore Lubricants (Cylinder Oils, System Oils, EALs) (EUALAJAI)

Keywords

• Petroleum products supply
• LPG cylinder manufacturing
• Lubricant blending
• Fuel storage distribution
• Downstream energy services

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fuel Storage & Distribution: Bulk fuel storage, distribution, and retail supply through state-of-the-art terminal with 65,000 MT capacity. Products include Diesel, Petrol, Gas Oil, Marine Gas Oil, Marine Fuel Oil, Kerosene, Propane, Butane and Fuel Oil.
2. LPG Distribution & Storage: LPG importation, storage, bottling, and nationwide distribution through coastal terminal, bottling plants, and skids with combined capacity of 2,000 MT daily
3. Lubricant Manufacturing & Sales: ISO-certified lubricants manufactured in various pack sizes (800ml to 250 litres) sold through retail network and corporate partnerships
4. LPG Cylinder Manufacturing & Sales: Manufacturing and sale of TechnoGas LPG cylinders in sizes 3kg, 6kg, 12.5kg, and 50kg with annual production capacity exceeding 5 million units

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Techno Oil Limited supplies bulk petroleum products (diesel, petrol, kerosene, marine fuels, propane, butane, fuel oil) through a 65,000 MT automated fuel terminal; distributes LPG and operates an 8,400 MT coastal storage terminal with bottling plants for nationwide delivery; manufactures ISO-certified automotive, industrial and marine lubricants at a 10,000 MT automated blending plant in Lekki; and produces TechnoGas LPG cylinders (3kg to 50kg) at West Africa's largest fully automated cylinder manufacturing plant in Kajola, Lagos.

Product overview

Techno Oil Limited is an indigenous Nigerian energy company offering an integrated downstream energy portfolio. The company operates across four core business areas: (1) Fuels - operates a 65,000 metric ton fuel terminal with bulk storage and nationwide distribution; (2) LPG - manages 8,400 MT coastal storage terminal, bottling plants, and nationwide distribution network; (3) Lubricants - runs a 10,000 MT automated blending plant producing ISO-certified automotive, industrial, and marine lubricants; and (4) LPG Cylinder Manufacturing - West Africa's largest automated plant producing over 5 million cylinders annually. The product lineup includes branded lubricants (Techno Avance, Techno HD, Techno Ultra, Techno Super XL), TechnoGas cooking gas cylinders (6kg, 12.5kg), and fuel products. The company also operates the CookSafe Initiative for LPG adoption advocacy.

Differentiator

Problem solved

Functional benefit

Brands

• TechnoGas: LPG cylinder brand manufactured by Techno Oil Limited, certified to meet global safety standards
• CookSafe Initiative

Products and services

• Fuels (Bulk Petroleum Products) Bulk fuel storage, distribution and retail supply of petroleum products including diesel, petrol, gas oil, marine gas oil, marine fuel oil, kerosene, propane, butane and fuel oil, supplied through Techno Oil's 65,000 MT automated fuel terminal in Apapa, Lagos.
• LPG Distribution and Storage LPG importation, storage, bottling and nationwide distribution through an 8,400 MT coastal storage terminal with private jetty capability, bottling plants and skids with combined capacity of 2,000 MT daily.
• Lubricants (Techno Lubricant Product Range) ISO-certified lubricants manufactured at the 10,000 MT fully automated blending plant in Lekki, Lagos, in various pack sizes from 800ml to 205-litre drums for automotive, industrial, marine and specialty applications.
• LPG Cylinder Manufacturing (TechnoGas) Manufacturing and sale of TechnoGas LPG cylinders in 3kg, 6kg, 12.5kg and 50kg sizes at West Africa's largest fully automated LPG cylinder manufacturing plant in Kajola, Lagos with over 5 million units of annual capacity and SON MANCAP certification.
• TechnoGas Cooking Gas Cylinders (6kg and 12.5kg) SON MANCAP certified TechnoGas LPG cylinders available in 6kg and 12.5kg sizes for domestic and commercial cooking gas use, sold through the Techno Oil online shop and retail network.
• Techno HD 40 Lubricant High quality monograde engine oil for general purpose application in gasoline and mild diesel engines, preventing engine wear, rust and corrosion; available in 1L, 4L, 25L and 205L drum pack sizes.
• Techno Ultra 20W 50 Lubricant Premium multi-grade engine oil for high performance in gasoline and diesel engines with excellent valve deposit control and fuel efficiency.
• Techno Super XL 20W 50 Lubricant High quality multi-grade gasoline engine oil with a balanced additive package, suitable for diesel engines, passenger cars and light trucks.
• Techno Avance X301 40 Lubricant Premium quality monograde engine oil suitable for fleet equipment and off-highway applications, available in 4-litre keg, 25-litre keg and 205-litre drum sizes.
• Techno Avance XT301 15W 40 Lubricant Premium quality heavy duty engine oil with advanced multi-functional additive technology, suitable for naturally aspirated and turbo charged diesel engines.

Quantifiable outcome

• Over 5 million LPG cylinders can be produced annually
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• UKAID/DFIDcoreStrategic or Co-development Partner · 21 November 2019UKAID/DFID under its Modern Energy Cooking Services - Technology Research Innovation for International Development (MECS-TRIID) partnered with Techno Oil for distribution and re-circulation of Techno Oil LPG cylinders to rural communities in Imo and Enugu States. Project focused on pushing LPG access and adoption in Nigerian semi-urban populations through TechnoGas Swap N Go cylinder refill, exchange and distribution model.
• Centre for Climate Change and Development, Alex Ekwueme UniversityminorStrategic or Co-development PartnerPartnership with Alex Ekwueme University for the MECS-TRIID project on LPG cylinder distribution to rural communities, with Prof. Chukwumerije Okereke as Project Director.
• Federal Ministry of EducationminorStrategic or Co-development PartnerTechno Oil is a proud partner with the Federal Ministry of Education on the Adopt-A-School program, supporting educational infrastructure development.
• Lagos State GovernmentcoreStrategic or Co-development PartnerLagos State Government commended and partnered with Techno Oil for building the 8,400-ton LPG coastal terminal at Kirikiri, Apapa. Governor Sanwo-Olu recognized Techno Oil's contribution to making Lagos a 21st Century economy and gas-powered economy.
• Federal Government of NigeriacoreStrategic or Co-development PartnerFederal Government collaborated with Techno Oil on marketer cylinder ownership policy and Pioneer Status incentive approval for LPG cylinder manufacturing plant. FG's National LPG Expansion Programme aligns with Techno Oil's infrastructure investments.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Conoil Plc: Nigerian downstream petroleum company operating fuel storage, distribution, and lubricants. Direct competitor to Techno Oil's 65,000 MT fuel terminal and lubricant blending business in the Nigerian market.
• Oando Plc: Nigerian integrated energy company with overlapping downstream operations including fuel distribution, lubricants, and LPG. Most comparable to Techno Oil in terms of indigenous Nigerian integrated downstream energy footprint and B2B/government engagement model.
• Nipco Plc: Nigerian energy company with LPG and fuel distribution operations. Direct peer to Techno Oil's LPG coastal storage terminal and nationwide LPG distribution business, including cylinder re-circulation models.
• MRS Holdings: Nigerian downstream petroleum company with fuel storage, distribution, and retail. Directly comparable to Techno Oil's fuel terminal operations and serves a similar B2B/retail customer base in Nigeria.
• Ardova Plc: Nigerian downstream petroleum and lubricants company (formerly Forte Oil). Direct peer to Techno Oil across fuels and lubricants with overlapping retail forecourt and B2B customer base in Nigeria.

Regional players

• Engen Petroleum: South African-anchored downstream energy company with African-wide fuel and lubricant distribution. Comparable in product mix (fuels, lubricants, LPG) to Techno Oil, but primarily serves Southern and East African markets.
• Vivo Energy: African-focused downstream energy company (Shell licensee) operating fuel distribution and lubricants across multiple African countries. Comparable to Techno Oil's downstream model but with broader pan-African geographic footprint.

Broad incumbents

• 11 Plc (formerly Mobil Oil Nigeria): Major Nigerian downstream company with fuel distribution, lubricants, and LPG. Competes directly with Techno Oil in retail forecourts and lubricants but operates as part of a broader multinational portfolio.
• NNPC Retail (NNPC Limited downstream arm): State-backed downstream retail and distribution arm of Nigeria's national oil company. Largest player in Nigerian fuels retail and a structural competitor to Techno Oil's B2B and distribution operations, supported by sovereign capital and policy alignment.
• TotalEnergies Marketing Nigeria: Subsidiary of global major TotalEnergies operating fuel retail, lubricants, and LPG in Nigeria. Larger incumbent competing with Techno Oil across multiple product lines with broader international backing and capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Techno_Oil
• YouTubeyoutube.com/channel/UCT0TNlmPoubzm18S71kk84w
• Facebookfacebook.com/technooil
• LinkedInlinkedin.com/company/techno-oil-limited
• Instagraminstagram.com/techno_oil
• TikToktiktok.com/@techno.oil.limited

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Techno Oil Limited