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IPMAN, firm collaborate to import fuel

By on August 15, 2016

The Independent Petroleum Marketers Association of Nigeria said it had entered into a strategic partnership with Nimex Petroleum Group for the importation of petroleum products into the country.

IPMAN, in a statement signed by its National President, Mr. Obasi Lawson, in Abuja, said the move was aimed at complementing the efforts of the Federal Government in driving the deregulation policy.

It said a Memorandum of Understanding had been signed with Nimex Petroleum.

Obasi was quoted to have said that the products to be imported by Nimex Petroleum would be distributed to its members across the country to argument the supply received from the Nigerian National Petroleum Corporation and other sources.

He said the partnership would go a long way in making petrol available in the country, adding that the quantum of petrol received from the NNPC was not sufficient for its members.

He commended the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director, NNPC, Dr. Maikanti Baru, for striving to make petroleum products available to the public in spite of the challenges.”

Obasi said, “With membership of well over 10,000 marketers across Nigeria, IPMAN has  over the years grown to control well over 87 per cent of the petroleum products retail outlets in Nigeria with a reach that auspiciously spreads to every nook and cranny of the country.

“This commendable spread by IPMAN members in the establishment of retail outlets across the country necessarily requires a steady supply of petroleum products in order for its positive effect to be felt both by the government and Nigerians.”

The IPMAN president said the association decided to partner Nimex Petroleum to use its huge experience to support IPMAN in capacity building in the strategic area of satisfying the growing needs of its members for availability of petroleum products.

He said, “Nimex Petroleum Group, with a global footprint in more than 15 countries in Africa, has garnered three decades of experience in the provision of solid services in petroleum-related trading and in fostering relationships globally recognised and aimed at delivering consistent value for its patrons.”

The President, Nimex Petroleum Group, Mr. Kanwar Ratra, said the partnership with IPMAN would yield fruitful result, adding that the importation would be continuous, to support IPMAN members.

“To this end, we assure all IPMAN members, the Federal Government and the public at large that IPMAN’s strategic relationship with Nimex will ensure the availability of Premium Motor Spirit, Automotive Gas Oil and Dual Purpose Kerosene in large commercial quantities to complement the efforts of the Federal Government.”

 

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