The Major Oil Marketers Association of Nigeria (MOMAN), comprising seven industry giants, has formalized a groundbreaking agreement with the Dangote Petroleum Refinery. This collaboration aims to revolutionize the efficiency and accessibility of refined petroleum products across Nigeria.
The momentous announcement was made through a post on the official X handle of the Office of the Special Adviser on Social Media to President Bola Tinubu. According to the post, MOMAN members, including industry heavyweights like 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, are gearing up to commence nationwide fuel distribution following the finalization of commercial terms with the Dangote Petroleum Refinery.
The Dangote Petroleum Refinery, an ambitious project, is set to redefine the industry with its capacity to load up to an astounding 2,900 trucks daily at its cutting-edge truck-loading gantries.
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A spokesperson from MOMAN expressed unwavering enthusiasm about this landmark collaboration.
“This partnership with Dangote Petroleum Refinery is a game-changer for us. It marks a pivotal moment in our efforts to streamline and enhance the efficiency of the fuel distribution network across the country,” he said.
The collaboration doesn’t stop with MOMAN. The post on X also shed light on the Independent Petroleum Marketers Association of Nigeria (IPMAN) plan to enter discussions regarding loading terms with the refinery. Additionally, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has been in talks with the Dangote Petroleum Refinery, exploring avenues for the supply of products from this state-of-the-art facility.
Last week, the Dangote Petroleum Refinery disclosed that it’s seeking approval from the Federal Government to enter the domestic market with diesel and aviation fuel. This crucial approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the authoritative body responsible for regulating midstream and downstream petroleum operations in Nigeria.
While awaiting the green light from regulatory authorities, the refinery has already begun production, with refined products currently stored in its expansive storage tanks.
“We have started the production of diesel and aviation fuel, and the products will be in the market within this month once we receive regulatory approvals,” the company announced.
This development marks a significant milestone for the Dangote Petroleum Refinery, which initiated operations in the early hours of Friday after the successful delivery of a six-million-barrel crude supply earlier in the week. The refinery’s operations represent a turning point for Nigeria’s oil industry, aiming to reduce the historical reliance on imported fuel and diesel.
“This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. This is a game changer for our country, and I am very fulfilled with the actualization of this project,” the company said in a statement.
Moreover, the refinery has underlined its commitment to adhering to international standards, assuring that the products will conform to Euro V specifications. The design of the refinery complies with the World Bank, US EPA, European emission norms, and DPR emission/effluent norms, emphasizing a dedication to environmental sustainability.
This collaboration between MOMAN and the Dangote Petroleum Refinery not only promises increased efficiency but also signals a shift towards reduced dependence on imported petroleum products, heralding a new era for the country’s energy sector.