NNPC to partner major oil marketers on stable fuel supply
The Nigerian National Petroleum Corporation, NNPC, Sunday, said it will continue to strengthen its partnership with Major Marketers Association of Nigeria, MOMAN, to ensure a seamless supply of petroleum products across the country.
In a statement in Abuja, Group Managing Director of the NNPC, Mr. Maikanti Baru, said the corporation, as the supplier of last resort, would utilize the relationship to avoid any supply gap in the downstream sector.
Baru also commended MOMAN for being a dependable ally in the supply and distribution of petroleum products nationwide, adding that the group was a force to be reckoned with in the downstream sector of the petroleum industry.
According to him, other players like the NNPC Retail Limited were in the business not to compete, but to complement the leadership role of MOMAN in the downstream value chain.
He said, “We maintain good relations with MOMAN which have helped to ensure that there are products available nationwide during the last Yuletide and the just concluded election period. MOMAN is living up to our expectation as partners. NNPC is ready to escalate whatever recommendations the Association comes up with at the end of its retreat to appropriate authority.”
Baru added that the Petroleum Industry Governance Bill, PIGB, when finally passed, would further strengthen and boost the business operations of MOMAN across the country, stressing that the MOMAN workshop was apt as it would galvanize the association to brace up for the imminent reforms in the Oil and Gas Industry.
The NNPC helmsman further urged MOMAN to always keep its contractual obligations to the NNPC, adding that remittances from the Association go into the Federation Accounts Allocation Committee, FAAC, to service the needs of the various tiers of government.
On his part, MOMAN Chairman, Mr. Tunji Oyebanji, assured that the association was a partner like no other, saying it was a dependable ally in the supply and distribution of petroleum products business in the Country.
He pledged MOMAN’s continued collaboration with NNPC, even as he disclosed that the association was repositioning preparatory to the impending future change in the Industry.
“We have an outstanding relationship with NNPC and its downstream subsidiary, the Petroleum Products Marketing Company, PPMC. We will continue to improve on the relationships to take the Downstream Sector of the oil and gas industry to enviable heights,” Oyetunji reassured