The Dangote Petroleum Refinery will provide gas to about 150,000 shops managed by the Impartial Petroleum Entrepreneurs Affiliation of Nigeria, following a gathering between the refinery's administration and IPMAN executives.
Final Monday, The PONS completely reported that IPMAN had scheduled a gathering with Dangote Refinery administration on the availability of merchandise to impartial entrepreneurs.
When contacted on Friday night to substantiate if the assembly had taken place, the President of IPMAN, Abubakar Maigandi, acknowledged that the affiliation had lastly met with the administration of the refinery, including that the latter agreed to provide merchandise to the greater than 30,000 members of IPMAN. .
This got here because it was additional decided that the downstream oil sector regulator was at present inspecting the refinery's refined merchandise earlier than the power would obtain approval to provide gas to the market.
The PONS had additionally reported on Monday that seven main oil merchants in Nigeria had registered with the refinery for the gathering and distribution of refined petroleum merchandise produced by the plant price US$20 billion.
The report acknowledged that sellers below the auspices of the Main Oil Entrepreneurs Affiliation of Nigeria confirmed on Sunday that they’d begin registration and distribution of the gas produced by the power as soon as industrial phrases had been settled.
The highest seven entrepreneurs embrace 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Vitality Advertising and marketing Restricted, Complete Nigeria Plc and NNPC Retail.
Equally, the Petroleum Merchandise Retail Shops Homeowners Affiliation of Nigeria had additionally acknowledged that PETROAN engaged the administration of the multi-billion greenback refinery for the availability of merchandise from the power.
On January 12, 2024, the Dangote Petroleum Refinery introduced that it had commenced manufacturing of Automotive Fuel Oil, generally referred to as diesel, and JetA1, often known as jet gas.
Commenting on the result of the assembly between IPMAN and Dangote Refinery throughout a chat with our correspondent on Friday, the chairman of the affiliation mentioned the administration of the plant would provide merchandise to IPMAN's 150,000 stations throughout the nation .
“The assembly went effectively, so at this level we’re solely anticipating their response when it comes to merchandise they’ll give us. They’ve agreed to offer merchandise to IPMAN members,” mentioned Maigandi.
Requested in regards to the variety of oil entrepreneurs who’re members of IPMAN, he mentioned: “We’ve 30,000 members since our final census, which was carried out two years in the past. They usually agreed to provide merchandise to us. Furthermore, our factors of sale are 150,000 stations unfold throughout the nation.”
Inspecting additional whether or not each member and station of IPMAN may get provides from Dangote, Maigandi mentioned: “What he (Dangote) produces is for Nigeria's consumption. He can provide Nigeria and export among the merchandise.
“It’s not a small refinery. It’s a very massive refinery. I used to be there to see issues with my very own eyes and it’s a enormous refinery.”
When advised that Dangote promised to launch the merchandise in January, and whether or not this was lifelike, the IPMAN President acknowledged that there was hope.
“There may be hope since they began manufacturing. As soon as they end manufacturing, the following factor is to promote. I can verify this as a result of I used to be there myself. And I do know he’ll get approval to promote instantly, he can begin promoting at any time.
“So it isn’t a small undertaking. It’s a superb factor for Nigeria. They begin with jet gas and diesel. that impartial petroleum entrepreneurs additionally purchase diesel.
“Due to this fact, by God's grace, our 30,000 members are able to buy and distribute via our 150,000 stores nationwide. So wherever you go, you will note gas. The issue of gas shortage will not exist as soon as he (Dangote) begins,” mentioned Maigandi.
On whether or not IPMAN mentioned costs with the refinery's administration, he mentioned: “No, we’ve got not mentioned the worth, however all we all know is that the worth can be barely decrease than what we bought.”
The Dangote Refinery, positioned in Lagos, has to this point obtained six million barrels of crude oil via its two SPMs positioned 25km offshore. The primary supply of crude oil occurred on December 12, 2023 and the sixth cargo was delivered on January 8, 2024.
The refinery can load 2,900 vans per day on the loading bridges. Based on the corporate, the merchandise from the refinery will meet Euro V specs.
- Continued on www.punchng.com
“The refinery design meets World Financial institution, U.S. EPA, European and Division of Petroleum Assets emission/effluent requirements utilizing state-of-the-art know-how,” the corporate mentioned in an announcement .
The Dangote Petroleum Refinery and Petrochemical Mission, a subsidiary of Dangote Industries Restricted, is a 650,000 barrel per day crude oil refinery positioned in Dangote Industries Free Zone, Ibeju-Lekki, Lagos, Nigeria.
The Dangote Petroleum Refinery is an industrial plant that converts crude oil into varied helpful petroleum merchandise equivalent to diesel, gasoline, jet gas and kerosene.
Dangote Petroleum Refinery, with a capability to refine 650,000 barrels of crude oil per day, occupies an space of about 2,635 hectares within the Lekki Free Commerce Zone in Lagos.
Regulators study merchandise
Federal Ministry of Petroleum sources officers mentioned the downstream oil sector regulator had visited the Dangote Petroleum refinery to hold out the processes required to grant regulatory approvals earlier than advertising and marketing diesel and jet gas.
The President of Dangote Group, Aliko Dangote, had on Friday acknowledged that the merchandise could be launched available in the market after regulatory approval.
“We’ve began manufacturing of diesel and jet gas, and the merchandise will hit the market inside this month as soon as we obtain regulatory approval. This can be a nice day for Nigeria.
“We’re happy to have achieved this essential milestone. This is a crucial achievement for our nation, because it demonstrates our capability to develop and implement main funding initiatives. This can be a recreation changer for our nation and I’m very happy with the conclusion of this undertaking,” mentioned Dangote.
When requested whether or not regulatory approvals had been granted to the plant to launch merchandise, a Petroleum Ministry official replied within the detrimental.
Nevertheless, the official, who pleaded to not be named attributable to lack of clearance, shortly acknowledged that the method was nonetheless ongoing as NMDPRA officers had visited the manufacturing unit.
“There isn’t a allow but. However it’s within the works, as a result of the allow just isn’t merely issued. There are issues that must be finished and this stuff must be accomplished, they usually (regulatory officers) are there proper now proper now.
“Issuing a allow is a course of. So we’ve got to undergo that course of. However it’s mentioned that the merchandise can be available in the market earlier than the tip of this month and so earlier than it hits the market, it’s anticipated that they’ll have spent it,” the supply mentioned.
Former President Muhammadu Buhari inaugurated the Dangote Refinery in Might 2023. The ability missed its crude oil refining goal on various events attributable to non-delivery of crude oil to the plant by oil producers.
Nevertheless, the nation began receiving shipments of crude oil of 1 million barrels every in December 2023 and obtained the sixth cargo of 1 million barrels of crude oil this month. Plant officers had defined that the refinery wanted six million barrels of crude oil to start manufacturing.
Officers on the Dangote refinery didn’t reply calls or reply to textual content messages when contacted on Friday to touch upon the assembly between the corporate and IPMAN executives.
