Dangote Refinery to fuel 150,000 IPMAN stations

January 22, 2024

The Dangote Petroleum Refinery is set to supply fuel to approximately 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria (IPMAN) following a successful meeting between the refinery’s management and IPMAN executives.

Following a successful meeting between the management of the Dangote Petroleum Refinery and executives of the Independent Petroleum Marketers Association of Nigeria (IPMAN), the refinery is poised to provide fuel to about 150,000 retail outlets operated by IPMAN.

The meeting, held after IPMAN’s exclusive scheduling, confirmed the refinery’s commitment to supply products to over 30,000 IPMAN members.

Convened after IPMAN's exclusive scheduling, the meeting solidified the refinery's dedication to supplying products to more than 30,000 IPMAN members.

Regulatory assessments of the refined products are underway before final approval for fuel dispensing.

The assessment of the refined products is currently underway, awaiting final approval for the dispensing of fuel.

Major oil marketers, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, have registered for product distribution from the $20 billion Dangote plant.

Key oil marketers, such as 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, have enlisted for the distribution of products from the $20 billion Dangote plant.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is also engaging with the refinery for product supply.

PETROAN, the Petroleum Products Retail Outlets Owners Association of Nigeria, is also in discussions with the refinery for the supply of products.

The Dangote Petroleum Refinery commenced the production of diesel and aviation fuel on January 12, 2024.

On January 12, 2024, the Dangote Petroleum Refinery initiated the production of diesel and aviation fuel.

IPMAN’s president affirmed the refinery’s commitment to supply products to IPMAN’s 150,000 stations nationwide.

The president of IPMAN confirmed the commitment of the refinery to supply products to IPMAN's 150,000 stations across the country.

“The meeting went well, so right now we are just expecting their reply in terms of the products that they are going to give us. They have agreed to dispense products to IPMAN members,” Maigandi said in a conversation with the Punch newspaper.

Maigandi, in a conversation with the Punch newspaper, stated, “The meeting went well, so right now we are just expecting their reply in terms of the products that they are going to give us. They have agreed to dispense products to IPMAN members.”

Asked to state the number of oil marketers that are members of IPMAN, he replied, “We have 30,000 members as of our last census, which was done two years ago. And they agreed to supply products to us. Also, our retail outlets are 150,000 stations across the country.”

In response to the inquiry about the number of oil marketers affiliated with IPMAN, he responded, “We have 30,000 members as of our last census, which was done two years ago. And they agreed to supply products to us. Also, our retail outlets are 150,000 stations across the country.”

Further probed on whether every IPMAN member and station would receive supply from Dangote, Maigandi emphasised, “What he (Dangote) is producing is for Nigeria’s consumption. He can supply Nigeria and can export some of the products. It is not a small refinery. It is a very big refinery. I was there to see things for myself, and it is a massive refinery.”

When asked whether all IPMAN members and stations would receive supply from Dangote, Maigandi emphasized, “What he (Dangote) is producing is for Nigeria’s consumption. He can supply Nigeria and can export some of the products. It is not a small refinery. It is a very big refinery. I was there to see things for myself, and it is a massive refinery.”

In response to information that Dangote pledged to bring products to the market in January and whether this was realistic, the IPMAN President expressed optimism.

When queried about information indicating that Dangote committed to bringing products to the market in January and whether this was realistic, the President of IPMAN expressed optimism.

“There is hope since they have started production. Immediately when they finish production, the next thing is to sell. I can confirm this because I was there myself. And I know immediately he gets approval to sell, he can start selling at any time.

“So, it is not a small project. It is a very good thing for Nigeria. They are to start with aviation fuel and diesel. You know that independent petroleum marketers also buy diesel.

“Therefore, by God’s grace, our 30,000 members are ready to buy and distribute across the 150,000 retail outlets nationwide. So anywhere you go you will see fuel. The issue of scarcity of fuel will be no more once he (Dangote) starts,” Maigandi stated.

When probed further on pricing with the refinery’s management by Punch, he stated, “No, we didn’t discuss the price, but all that we know is that the price is going to be a little bit lower than what we have been selling.”

When asked about pricing discussions with the refinery’s management by Punch, he stated, “No, we didn’t discuss the price, but all that we know is that the price is going to be a little bit lower than what we have been selling.”

The Dangote refinery, which has received six million barrels of crude oil at its two SPMs located 25km offshore, is capable of loading 2,900 trucks daily at its gantries. The refinery’s products will meet Euro V specifications.

The Dangote refinery, having received six million barrels of crude oil at its two Single Point Mooring (SPM) locations situated 25km offshore, can load 2,900 trucks daily at its gantries. The products from the refinery will meet Euro V specifications.

SOURCE: Business Day

IMAGE: The Street Journal