Major Oil Marketers Express Interest in Dangote’s Refined Petroleum Products

Ahead of completion of the Dangote Oil Refinery, the Major Oil Marketers Association of Nigeria (MOMAN) has expressed an intention to engage the management of the company on commercial terms regarding the lifting of its refined petroleum products.

On the 17th of February 2021, the MOMAN CEOs had a virtual meeting with Alhaji Aliko Dangote, the President of the Dangote Group and Mr. Edwin, where the Dangote Group presented its project and which culminated to this physical site visit.

The marketers, who toured the 650,000 barrels-per-day single train refinery in Ibeju-Lekki, Lagos recently, expressed belief that the Dangote Oil Refinery would help remove the various bottlenecks associated with importation of petroleum products into the country.

The members of the association, who visited Dangote Oil Refinery include the Managing Director 11 Plc/ Chairman MOMAN, Adetunji

Oyebanji; Executive Secretary of MOMAN, Clement Isong; Managing Director, Total Nigeria Plc, Imrane Barry; Managing Director, MRS Oil Nigeria Plc, Marco Storari; Managing Director, ARDOVA Plc, Olumide Adeosun; Managing Director, NNPC Retail Limited, Elizabeth Aliyuda; and 22 others.

Speaking after a tour of the refinery complex, Oyebanji, said the marketers are eagerly waiting for the completion of the refinery, which is expected to make Nigeria self-sufficient in petroleum refining.

Oyebanji stated, “It is our desire to see our members buy refined products from Dangote Refinery when it comes on stream. We are open to discuss commercial terms with the management of Dangote Oil Refinery regarding lifting of refined products. The impact it will have on the market chain will be changed from a situation whereby a marketer will have to wait for four to five months through imports lead time before getting products.