In a significant development for Nigeria’s energy sector, the Dangote Petroleum Refinery has secured commitments from seven major oil marketers, signaling a strategic alliance set to reshape the distribution landscape.
The Major Oil Marketers Association of Nigeria (MOMAN), representing industry giants such as 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, has formally enrolled with the $20 billion refinery.
Upon finalizing commercial terms, MOMAN members are poised to spearhead the distribution of refined petroleum products from the state-of-the-art facility, boasting a staggering daily loading capacity of 2,900 trucks and adhering to the stringent Euro V specifications. This collaboration marks a pivotal moment in Nigeria’s quest for energy self-sufficiency.
Simultaneously, the Independent Petroleum Marketers Association of Nigeria (IPMAN) is gearing up for discussions with the refinery’s management to establish loading terms, further solidifying the broad industry support garnered by Dangote’s ambitious venture.
Dangote refinery, designed with meticulous adherence to global standards, including those set by the World Bank, US EPA, European emission norms, and the Department of Petroleum Resources emission/effluent norms, underscores its commitment to environmental and regulatory compliance. Leveraging advanced technology, the facility stands as a beacon of innovation in the pursuit of sustainable and responsible energy practices.
In parallel, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) revealed ongoing discussions with the refinery’s management, highlighting the widespread interest and collaborative efforts shaping the future trajectory of Nigeria’s petroleum industry.