Dangote Petroleum Refinery’s management has initiated the registration of distributors for its products, as stated in a release on Friday in Lagos. The statement reveals that three major associations, constituting 75% of Nigeria’s total market, have already completed registration. These associations include the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN), and Major Oil Marketers Association of Nigeria (MOMAN). The company is also considering other interested marketers for the lifting and distribution of its petroleum products, the statement added.
According to the Executive Secretary of DAPPMAN, Olufemi Adewole, discussions with Dangote Petroleum Refinery have commenced, aiming at the lifting and distribution of refined petroleum products. Last year’s meeting between DAPPMAN representatives and Aliko Dangote explored collaboration areas to leverage DAPPMAN’s nationwide presence for product distribution.
The statement emphasized that the refinery’s production would not only boost Nigeria’s economic development but also provide DAPPMAN members with efficient access to refined petroleum products. Similarly, IPMAN’s National Vice President, Hammed Fasola, expressed the association’s intent to lift and distribute products from Dangote Refinery, foreseeing a mutually beneficial relationship.
MOMAN’s Executive Secretary, Clement Isong, confirmed that its members have registered as marketers with Dangote Petroleum Refinery, awaiting production to commence before initiating further discussions on terms. The statement highlighted that the refinery, designed for 100% Nigerian crude, boasts the flexibility to process other types of crude and has the capacity to load 2,900 trucks daily at its truck-loading gantries.