Conoil Plc plans to build 60 new retail outlets spread across the country as part of its major strategic expansion programme to meet the increasing fuel needs of Nigerians. The expansion programme would gulp about NGN 4.8 billion and it is earmarked to grow the company's sales and revenue by over 65%. It is projected that the new stations will complement the company's plan for massive importation of refined petroleum products in 2013.

The retail outlets will offer robust and automated network which will leverage on technology to deliver the assurance of quality products and improve service efficiency at the forecourts. The expansion project represents the second phase of the company's comprehensive four-year plan which started two years ago. In pursuant of this, the company increased the storage tanks for white products – Premium Motor Spirit (PMS), diesel and kerosene to 80,000 metric tonne, to double the capacity of its storage facilities at its Apapa installation.

Another major plank of the expansion programme was the construction of the company's multi-billion naira Port Harcourt depot which has the capacity to hold 70,000 metric tonne of various petroleum products with the propensity to dispense 5.5 million litres per day.