The Management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country.
So far, members of three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The associations are Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, Independent Petroleum Marketers Association of Nigeria, IPMAN, and Major Oil Marketers Association of Nigeria, MOMAN.
The company is also considering other marketers that have signified interest in the lifting and distribution of its petroleum products in the country.
Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, Olufemi Adewole said that the association commenced discussions with Dangote Petroleum Refinery regarding the lifting and distribution of refined petroleum products last year during a meeting between DAPPMAN Chairman Dame Winifred Akpani, the 2nd Vice Chairman, Mahmud Tukur and the President of Dangote Group, Aliko Dangote.
According to him, the meeting was to explore collaboration between the refinery and DAPPMAN members whose nationwide presence will be critical in distributing products from the refinery to the consumers.
He said the refining of petroleum products from Dangote Refinery would accelerate Nigeria’s economic development and provide DAPPMAN members with seamless access to refined petroleum products.
Speaking in the same vein, National Vice President of IPMAN, Hammed Adekunle Fasola, said the association had declared its intention to lift and distribute petroleum products from Dangote Refinery.
“We have already established a business relationship with Dangote Refinery. We believe that the relationship is going to be a win-win one. Our association owns 80 per cent of the retail outlets in the country and we have all it takes to ensure smooth distribution of petroleum products from Dangote Refinery across the country”, he said.
Also, the Executive Secretary/Chief Executive Officer, MOMAN, Clement Isong said MOMAN members have registered with Dangote Petroleum Refinery to become marketers of its products.
“I confirm that my members have registered with them. We were waiting for the production to start and now it has started, and they will start discussing the commercial terms. So yes, major marketers and other players will buy for the market. The important thing was the registration”, he added.
“So now the commercial terms will be agreed with each marketer and then they will buy from them. There are several ways you can buy from them. They have loading ranks, over 90, so you can take your truck to go and pick. You can also use vessels to pick. Those are the two ways you pick products”, he stressed.
Designed for 100% Nigerian Crude with the flexibility to process other crudes, the Refinery can load 2,900 trucks a day at its truck-loading gantries.
Dangote Petroleum Refinery can meet 100% of Nigeria’s requirement for all refined products (Gasoline, 45 million litres per day; Diesel, 14 million litres per day; Kerosene, 10 million litres per day and Aviation Jet, 2 million litres per day) and have surplus for export.
