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ADITOP/IPMAN form synergy to tackle bottlenecks in Petroleum product distribution

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***Aim to eliminate, diversion, scarcity of petroleum products

In a bid to ameliorate the lingering crises in the Petroleum industry that has been bedeviled by scarcity of the products the two major players; The Association of Distributors and Transporters of Petroleum Products (ADITOP) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have formed a synergy.

The Nigerian populace have been suffering from the lack of Petroleum products leading to long queues at filling stations which had grounded economic activities for over two months now.

It was alleged that the tanker drivers were in the habit of diverting the products to neighboring countries at the detriment of Nigerians.

Speaking on the synergy they have formed to ensure petroleum products are available and to curb the issue of fuel scarcity in Abuja on Wednesday, President of IPMAN, Elder Okorinkwo 

said they came to form the synergy to ensure that the Nigerian economy that depends on petroleum does not suffer.

“It is good that you come to know how we intend to move this group together to having a free, without any hindrance in the flow and distribution of petroleum products 

“You will agree with me that the main stay of the economy in this country oil and gas.”

According to him, IPMAN and ADITOP investments portfolio in the sector is running in trillions. 

“The major stations you will see, all these tankers you see are the combined efforts of ADITOP and IPMAN.”

He said over time they have not been able to have the kind of synergy they are now having hence the many hiccups.

“Over time we have been having different people coming one way or the other, we don’t have a clear cut  organization like this. 

He said ADITOP is one of the organisation majorly involved in oil and gas, the others are not seriously into oil and gas

“ADITOP are the owners of the tankers you see, some of them have over 500 to 1000 trucks on the road 

“So we must bring all these facilities together to see how we can overcome the problem.

He said the relationship with ADITOP was inaugurated on the 24th of march at NAF centre. 

“I believe it will now bring new horizon in the industry where we can now discuss our welfare, that of our workers, and by extension reduce or eliminate incessant strikes in the system. 

“I think that is the major thing we have decided to do as a group. We have somebody who is deep in managing organizations in the person of Dr. Ibe. “This group since our coming together he is bringing a lot of values to bare in this process of.

The president of ADITOP Alhaji Lawan Dansaki said Transportation in petroleum business is very vital and important 

He said IPMAN own the filling stations and ADITOP own the trucks, so at times the synergy will help us and help them ho make sure that all their products are delivered to their stations. 

“Before now we were doing it independently they do their own and we do our own but now with this crises and this issue of petroleum scarcity, we found it very expedient to come together to collaborate.

“Our consultant BENHAN has done his best to ensure the two organisations signed a memorandum of understanding (MoU) and to collaborate to eliminate the problems that we are facing.

“At times we have some problem we need  the IPMAN, and going by the nature of their business they can not do without us the Transporters who are the ones taking the products to them and at the end of the day our misunderstanding make Nigerians to suffer because when two elephants are fighting it is the grass that suffers.”

“NNPC has a lot products in private depots but the problem is how to take the products round the nation”

He said their collaboration has paid off as the long queue that was witnessed last week has drastically reduced.

“This will continue and all our support we will give to the NNPC and all the relevant authorities and Government to make sure that the issue of scarcity, unnecessary strike,  is brought to an end in the oil industry.”

Group Executive  chairman/CEO of the

BENHAM Group Dr. Maurice Ibe said he brought the two giants together to see how petroleum products can be made available and the Nigerian economy will stop suffering.

“Those who drive vehicles have experience the worst hardship in the petroleum sector regarding distribution in the last couple of weeks and we cannot continue to let things like that in good conscience to continue to happen.

“For a country that produces oil and gas, a country that God has so endowed with so much resources in the oil sector, we have no reason to let ourselves to suffer this kind of incredible hardship. 

“The hardship that we suffered in that last couple of weeks, almost two months now is as a result of the gaps in the distribution chain. 

“The products are there but it is not reaching the nooks and corners of of Nigerians. Why is it not getting to them? 

“The owners of these tankers that move the products from place to place seem to have lost control of their takers and products to their drivers, who drive the trucks. 

“The product are being diverted to neighbouring countries thereby short changing those of us who lives in Nigeria that own the product.

“Huge amounts are being expended in the industry yet we are not seeing the result as the drivers have highjacked the transportation of petroleum resources in Nigeria.”

He said what his group has done is to bring the petroleum markets who owns the filling stations and those who distribute the products to form a synergy to alleviate the sufferings of Nigerians to make sure products reaches every books and crannies of Nigeria.

He said it will also checkmate the issues of incessant strikes in the country in oil and gas sector adding that they aim to stop the anomalies if not totally but to reduced to the minimum level. 

“Also to work with the government to find ways to reduce the problem of distribution and supply of petroleum products all over the country and you can’t do that without having the two principal stakeholders together who control 80% of the downstream sector. “Their investments and assets within the downstream sector runs into over N10tr. You can’t have such investments and let drivers and all manners of people control your investments.”

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Oil and gas

IPMAN querries NNPCL’s higher price regime for Dangote petrol against imported ones

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has querried the rational behind the Nigerian National Petroleum Company Limited (NNPCL) projections that make the price of petrol lifted from the Dangote Refinery higher than imported ones.
IPMAN’s National Welfare Officer, John Kekeocha spoke on Channels Television’s, the Morning Brief breakfast programme.
“If NNPC can sell Dangote products higher than the imported products, then it doesn’t make sense.
“What is the celebration we are having all these while then?” he querried.
Recall that the NNPCL started loading the first batch of petrol from the Dangote Refinery on Sunday.

The NNPCL had stated that it got the petrol at N898 per litre from the private refinery.
Meanwhile NNPCL retail outlets in Lagos have been selling petrol for around N855 before lifting petrol from the Dangote Refinery on Sunday.

However, a litre of Dangote petrol now sell for N950 per litre in Lagos and N1,019 in Borno.

The association urged NNPCL to ensure the product is not sold at a higher price than imported fuel.

IPMAN argued that such a disparity would be counterproductive to the nation’s drive for energy self-sufficiency and could negatively impact consumers and marketers alike.

According to IPMAN the pricing strategy for locally refined petrol should reflect the advantages of domestic production, offering Nigerians a more affordable option.

The association emphasized that maintaining competitive pricing is crucial for the success of the Dangote Refinery and for fostering a sustainable fuel market in the country.

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Oil and gas

Dangote Refinery slams claims by NNPCL that it is selling petrol at N898 per liter

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The Dangote Refinery has described as misleading, claims by the Nigerian National Petroleum Company Limited (NNPCL) that it sells petrol at N898 per litre.

The refinery spokesman, Anthony Chiejina insisted that the NNPC’s claim is mischievous with the intent to undermind the refinery’s achievement in addressing energy insufficiency.

Chiejina urged Nigerians to disregard the statement and await an official announcement on pricing from the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by President Bola Ahmed Tinubu.

The denial is coming amid speculations of a higher price for petrol from the Dangote refinery, with marketers warning of difficulties in purchasing the commodity without government intervention.
Chejina said, “Our attention has been drawn to a statement attributed to NNPCL spokesperson, Mr. Olufemi Soneye, that we sell our PMS at N898 per litre to the NNPCL.

“This statement is both misleading and mischievous, deliberately aimed at undermining the milestone achievement recorded today, September 15, 2024, towards addressing energy insufficiency and insecurity, which has bedeviled the economy in the past 50 years.

“We urge Nigerians to disregard this malicious statement and await a formal announcement on the pricing, by the Technical Sub-Committee on Naira-based crude sales to local refineries, appointed by His Excellency, President Bola Ahmed Tinubu

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Oil and gas

NNPCL claims to pay N898/Litre for Petrol at Dangote Refinery

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The Nigerian National Petroleum Company Limited (NNPCL) has claimed that it is buying petrol from the Dangote Refinery at N898 per litre, signaling the start of operations at Africa’s largest oil refinery.
The first batch of petrol loading commenced on Sunday, with NNPCL trucks seen at the refinery in Ibeju-Lekki, Lagos.

This move follows a recent announcement by the Presidential Committee on the Sale of Crude Oil and Refined Products, outlining agreements for crude oil supply and refined product distribution in Naira.

The trucks, belonging to the Nigerian National Petroleum Corporation Limited, were seen in videos posted on the X handle of the Dangote Group.
“First set of trucks set for loading of PMS at the Dangote Petroleum Refinery,” the post read.

On Saturday, the NNPCL stated that hundreds of trucks would be deployed to the refinery today (Sunday) for PMS loading.
The NNPC stated, “In preparation for the Dangote Refinery’s scheduled petrol loading on Sunday, 15th September 2024, NNPC Ltd has been mobilising trucks to the refinery’s fuel loading gantry in Ibeju-Lekki. As of Saturday afternoon, NNPC Ltd had deployed over 100 trucks, with hundreds more en route.”

He said, “We successfully loaded PMS at the Dangote Refinery today.
“The claim that we purchased it at N760 per litre is incorrect.

“For this initial loading, the price from the refinery was N898 per litre.”

This comes two days after the Presidential Committee on the Sale of crude oil and Refined Product announced that loading of the first batch of petrol from the Dangote Refinery will commence on September 15.

A member of the committee and Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, disclosed this in Abuja on Friday.

Briefing journalists, the FIRS boss said that from October 1, the Nigerian National Petroleum Company Limited (NNPCL) will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira.

“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday 15th September,” Adedeji stated.

He explained that Dangote Refinery will in return supply PMS and diesel of equivalent value to the domestic market to be paid for in Naira.

Other deliberations reached by the committee include the sale of Diesel in Naira by the Dangote Refinery to any interested off-taker while PMS will only be sold to NNPC.

“From 1 October, NNPC will commence the supply of about 385kbpd of crude oil to the Dangote Refinery to be paid for in Naira.

“In return, the Dangote Refinery will supply PMS and diesel of equivalent value to the domestic market to be paid for in Naira.

“Diesel will be sold in Naira by the Dangote Refinery to any interested off-taker. PMS will only be sold to NNPC, NNPC will then sell to various marketers for now. All associated regulatory costs will also be paid for in Naira.”

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