Dangote, IPMAN Sign Landmark Deal for 240 Million Liters of Petrol Monthly
Written by Olakunle Oke on November 18, 2024
In a move aimed at enhancing the availability and distribution of petroleum products in Nigeria, Dangote Petroleum Refinery and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have signed a historic agreement. The deal, which is valued at millions of naira, will see Dangote supply IPMAN members with 240 million liters of petrol monthly.
This partnership is expected to significantly improve the supply chain of petroleum products in the country, thereby reducing the scarcity of petrol and other related products. The agreement was signed at a ceremony attended by top officials of Dangote Petroleum Refinery, IPMAN, and other stakeholders in the oil and gas industry.
Speaking at the event, the Managing Director of Dangote Petroleum Refinery, praised the partnership, stating that it would help to ensure the availability of petrol and other petroleum products in the country. He emphasized that the partnership was a demonstration of Dangote’s commitment to supporting the Nigerian economy and ensuring the stability of the oil and gas sector.
The National President of IPMAN, also commended the partnership, saying that it would go a long way in addressing the challenges faced by petroleum marketers in sourcing products. He assured that IPMAN members would work closely with Dangote Petroleum Refinery to ensure the success of the partnership.
This landmark deal is expected to have a positive impact on the Nigerian economy, as it will help to stabilize the supply of petroleum products, reduce scarcity, and provide relief to consumers. The partnership is also expected to create jobs and stimulate economic growth in the country.
The agreement is a significant milestone in the history of Nigeria’s oil and gas industry, as it marks a major collaboration between a private refinery and a group of independent petroleum marketers. The partnership is expected to serve as a model for future collaborations between private sector players and industry associations.
In addition to improving the supply of petroleum products, the partnership is also expected to enhance the quality of products available in the market. Dangote Petroleum Refinery has invested heavily in state-of-the-art technology and infrastructure to ensure the production of high-quality products.
The partnership is a major boost to the Nigerian government’s efforts to stabilize the oil and gas sector and ensure the availability of petroleum products. The government has been working to address the challenges facing the sector, including the scarcity of petroleum products and the need for investment in infrastructure.
Overall, the partnership between Dangote Petroleum Refinery and IPMAN is a significant development in the Nigerian oil and gas industry, and it is expected to have a major impact on the sector. The partnership is a demonstration of the private sector’s commitment to supporting the Nigerian economy and ensuring the stability of the oil and gas sector.
