By ERIC MOORE
THE national headquarters of Petroleum Products Retail Outlets Owners Association (PETROAN), Abuja, has commended the Management of Dangote Refinery for amicably reaching a transactional direct sales contract of PMS with the leadership of Independent Petroleum Marketers Association of Nigeria (IPMAN).
National Public Relations Officer (PRO), PETROAN, Joseph Obele, in a statement said the agreement between IPMAN and Dangote Refinery brings an end to the middleman posture played by the Nigerian National Petroleum Corporation Limited (NNPCL).
He hinted that the Head of Commercial at the Dangote Refinery has sent a mail to the the National President of PETROAN, Billy Hary, to anticipate a possible Strategic Business meeting in the coming days.
According to him, the National President has set up a team of seven persons headed by himself that would be representing PETROAN at that Strategic Business meeting.
Obele said: “At the proposed meeting, we have to emphasise that PETROAN’s primary objective is to provide affordable, high-quality products to consumers, and to do so in compliance with all regulatory standards and industry best practices.
“We hope that meeting will be a Win-Win meeting. A win for the general public, a win for Dangote Refinery and a win for Petroleum Retail Outlets Owners.”
PETROAN spokesperson said several factors indicate possible reduction of PMS price in the coming days.
He continued: “One of such factors includes the recent ongoing round table conversations with the management of Dangote Refinery and key stakeholders of the sector.
“Also to mention is the decline in landing costs of PMS on Nigeria’s shores which indicated an equal reduction in global market fluctuations and supply chain factors.
“The Oil and Gas Industry is a sensitive sector where hostility cannot strive, but rather amicable strategic conversations remain the best approach for achieving operational efficiency and effectiveness of the sector.
The marketers, however, commended the management of Dangote Refinery for acknowledging the value of key stakeholders, expressing optimism that the greatest beneficiaries would be members of the public.