Argo Petroleum

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Argo Petroleum
Company-ARGO.png
Organisation
Type Private limited company
Employees 2,700
Founded 29 June 1923; 101 years ago (1923-06-29)
Headquarters Bancroft Street
Kingsbury, CENT
Key people Samantha Killen (Chairman)
Chris Buckland (Managing director)
Products and services
Industry Oil & gas
Products Retail
Finances
Revenue Increase £116 million

Argo Petroleum (originally an acronym for Association of Retailers for Government Oil) is a major petroleum company, which retails fuel in New Ingrea. Along with Deltic and Neptune, Argo is one of the "big three" private energy companies in New Ingrea. At present, Argo employs 2,700 staff, and is based in the old New Ingrea Oil offices in the South of Market neighbourhood of the Kingsbury City Centre. As a private limited company, Argo is one of the biggest companies in New Ingrea not to be publicly listed.

History

In 1986, New Ingrea Oil was broken up, and the upstream assets of the old monopoly were sold to Argo for £135 million. In 1989, the company merged with Ibex Petroleum, with the newly merged entity adopting the modern Ibex logo at the same time.

References and notes