What it does: Rainoil is a prominent integrated company specializing in refining petroleum and processing and purifying raw natural gas. This company also stores, distributes, and markets petroleum derivatives such as liquefied natural gas, petrol, kerosene, and diesel to wholesalers, retailers, and consumers.
Mission: Rainoil's mission is to efficiently and sustainably provide energy solutions while offering excellent value to its stakeholders.
Size and presence: Rainoil employs more than 2,000 individuals across 130 retail outlets in various cities across Nigeria. Its head office is in Lekki, Lagos.
Best known for: In 2020, Rainoil was awarded the Downstream Company of the Year at the Nigerian Business Leadership Award event hosted by Businessday Newspapers. Rainoil is also one of the most popular marketers of petroleum products, and it has one of the most extensive networks of retail outlets in several states across the country.
The good bits: The work is productive and challenging. The staff is friendly and fun to work with. It encourages room for learning. There are career development prospects. Rainoil has excellent customer service support.
The not so good bits: Sometimes, the employees are subject to long work hours, especially towards the end of the month.
In 1994, Gabriel Ogbechie founded and incorporated Rainoil Limited. In 1997, the company started its business operations in the downstream oil and gas/energy sector. Later that same year, the company established its pioneer retail outlet. Two years later, a second petrol station followed. Rainoil has been establishing several petrol stations/retail outlets ever since.
Rainoil expanded its business operations by erecting three storage depots with a capacity of 50 million liters each. One was established in the Calabar Free Trade Zone in Cross River State, while the second one was erected in Oghara, Delta State, both in the South-South region of Nigeria. The third one is in Ijegun, Lagos. Rainoil also established a multi-product storage plant in Lagos. This facility houses an 8,000-metric tonne storage tank for Liquefied Petroleum Gas as well as storage tanks for petrol, aviation fuel, and motor oils.
This company further expanded its business portfolio by venturing into logistics and distribution. It acquired a cargo ship and roughly 100 tank trucks to facilitate the transportation of its petroleum products across Nigeria. Rainoil has built quite the reputation for itself and has become a fixture in the conversation for excellence in downstream oil and gas.
Rainoil is the best place to be. Its company culture is founded on five core values: respect, excellence, safety, teamwork, and safety. The Rainoil work atmosphere is healthy because of supportive co-workers and a dedicated management team. Rainoil's culture also ticks the checkboxes of diversity and inclusion as its staff consists of individuals from different cultures, orientations, genders, and perspectives. Their uniting factor is their competence and desire to contribute to the company's success.
One of Rainoil's core values is excellence, and the firm seriously considers this during recruitment. They have a strict and high-quality criterion designed to select the best of the bunch. Their hiring process involves an application for the job, a written assessment, some interviews, and finally, the job offer to successful candidates.
Rainoil is a learning ground. On-the-job training is rife regardless of your job role at the company. This ensures that employees are at their best and performing according to expectations. Rainoil is pro-career development, and the challenging nature of the work is an experience in itself. Fresh graduates and interns at Rainoil can quickly develop professionally and get the needed experience to excel in the oil and gas industry.
The average annual pay of a fresh graduate at Rainoil is approximately ₦2 million.
Rainoil makes financial donations to motherless babies' homes, orphanages, and needy communities across Nigeria. This company also sponsors sports initiatives to promote sports development in Nigeria.
Rainoil isn't linked to any widely published controversy in Nigeria.