MOMAN, IPMAN, DAPPMAN strike deal with Dangote Refinery on product distribution

The management of Dangote Petroleum Refinery has registered three prominent petroleum marketers associations as distributors for its products.

In a statement on Friday, the Company said the registered associations include, 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).

The company also disclosed that it is considering other marketers that have signified interest in the lifting and distribution of its petroleum products in the country.

Confirming the deal, Executive Secretary of MOMAN, Clement Isong, said members had registered with Dangote Petroleum Refinery to become marketers of its products.

“I confirm that my members have registered with them. We were waiting for the production to start and now it has started; we shall soon start discussing the terms”, said Isong.

National Vice President of IPMAN, Hammed Fasola, said the association had declared its intention to lift and distribute petroleum products from Dangote Refinery.

“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”, Fasola confirmed.

On its part, DAPPMAN through its Executive Secretary, Olufemi Adewole, said it had commenced discussions with Dangote Petroleum Refinery regarding the lifting and distribution of refined petroleum products.

According to Adewole, DAPPMAN had discussed with Dangote last year during a meeting between its Chairman, Dame Winifred Akpani, 2nd Vice Chairman, Mahmud Tukur and the President of Dangote Group, Aliko Dangote.

“The meeting was to explore areas of collaboration between the refinery and DAPPMAN members whose nationwide presence will be critical in distributing products from the refinery to the consumers”, he said.

The statement said the refinery was designed for 100 percent Nigerian crude, with the flexibility to process other crude oil. The refinery could also load 2,900 trucks a day at its truck-loading gantries.