The Dangote Petroleum Refinery has entered into an agreement to supply fuel to approximately 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria (IPMAN). Following a meeting between the management of the refinery and IPMAN executives, the association’s president, Abubakar Maigandi, confirmed the positive outcome of the discussions.
The move comes after seven major oil marketers in Nigeria registered with the Dangote refinery for the lifting and distribution of refined petroleum products. Notable names among them include 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail.
The Dangote Petroleum Refinery, a $20 billion project, has been a focal point for various oil industry associations. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has also engaged with the refinery for product supply.
The refinery, located in Lagos, has already commenced the production of Automotive Gas Oil (diesel) and JetA1 (aviation fuel). The President of Dangote Group, Aliko Dangote, mentioned that the products would be released to the market once regulatory approvals are obtained.
IPMAN’s president, Abubakar Maigandi, expressed optimism about the collaboration, stating that Dangote refinery would supply products to the 150,000 IPMAN stations nationwide. He emphasized the refinery’s substantial capacity, with assurances that once production and approval processes are completed, fuel scarcity issues would be alleviated.
While regulatory authorities are currently examining the refined products from the Dangote refinery, the industry anticipates improved fuel availability once the refinery receives the necessary approvals. The facility, with a refining capacity of 650,000 barrels per day, is expected to contribute significantly to Nigeria’s energy landscape.