Dangote Refinery and Petrochemicals has guaranteed the supply of 28,000 litres per day of the Premium Motor Spirit (PMS) petrol to the Nigeria’s domestic market.
This was part of the resolutions on the absorption of Domestic Petroleum Product production by the Nigerian Oil Marketing Companies (OMCs), including the Nigerian National Petroleum Company Limited (NNPCL), Major Energy Marketers Association of Nigeria (MEMAN), and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) meeting.
This was contained in the resolutions signed by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), NNPCL,
MEMAN, DAPPMAN, EDO Refinery
Dangote Refinery, Waltersmith Refinery,
Aradel Refinery, IPMAN, and PETROAN that was released to The Nation in Abuja yesterday.
The parties said: “The resolution includes Dangote Refinery guaranteeing to sell an average of 28,000,000 litres of PMS daily for the next six months to oil marketers for domestic consumption in the Nigerian market.”
The engagement also resolved that there shall be availability of Aviation Turbine Kerosene (ATK) and Automotive Gas Oil (AGO) from all domestic refineries shall be provided to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for same period and be subject of consideration for import as may be required.
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The parties also resolved NMDPRA to establish basis for allocating import volumes to OMCs on the assumptions of the aggregate of domestic refinery capacity with understanding to cover shortfalls for respective marketers based on validated needs by company and current national depots evacuation.
According to the document, the domestic refineries are to provide fixed quantities and delivery windows two months preceding the month of delivery (M-2) to the customer and NMDPRA.
It also said individual OMCs to enter direct commercial agreements with
domestic refineries on a willing buyer willing seller basis.
The also resolved that all NMDPRA fees (including MDGIF) to be included in every sales invoice issued by domestic refineries.