The management of Dangote Petroleum Refinery has registered the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), the Independent Petroleum Marketers Association of Nigeria (IPMAN), and the Major Oil Marketers Association of Nigeria (MOMAN) for the lifting and distribution of refined petroleum products across the country.
Dangote refinery made this known via a statement issued and made available to The Star on Friday, January 19, 2024.
The company stated that it is also considering other marketers that have signified interest in the lifting and distribution of its petroleum products in the country.
Speaking on the development, the Executive Secretary of DAPPMAN, Olufemi Adewole, said the association commenced discussions with Dangote refinery regarding the lifting and distribution of refined petroleum products at a meeting between DAPPMAN Chairman, Dame Winifred Akpani, the Second Vice Chairman, Mahmud Tukur, and the President of Dangote Group, Aliko Dangote, in 2023.
According to him, the meeting was to explore collaboration between the refinery and DAPPMAN members whose nationwide presence, he said, will be critical in distributing products from the refinery to the consumers.
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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, the National Vice President of IPMAN, Hammed Adekunle Fasola, said the association had declared its intention to lift and distribute petroleum products from Dangote refinery.
Fasola said: “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.”
Also speaking, the Executive Secretary/Chief Executive Officer of MOMAN, Clement Isong, said the members of the association have registered with Dangote refinery to become marketers of its products.
Isong said: “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.
“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.”
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