Prominent oil marketers get approval to sell Dangote fuel

The $20 billion Dangote Petroleum Refinery has registered the seven main oil marketers in Nigeria in order to lift and distribute refined petroleum products produced by the facility.

Under the Major Oil Marketers Association of Nigeria's auspices, dealers declared on Sunday that upon registration, they would start distributing fuel produced at the plant as soon as the business arrangements were worked out.

This coincided with the announcement made by the Independent Petroleum Marketers Association of Nigeria that they would be meeting this week to discuss conditions of product loading with the Dangote refinery management.

In a same vein, the Petroleum Products Retail Outlets Owners Association of Nigeria declared that PETROAN had been negotiating a product supply from the multibillion-dollar refinery with its management.

Major marketers who are members of MOMAN have already registered with the plant and are prepared to begin purchasing products as IPMAN and PETROAN engage the refinery.

Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, NNPC Retail, and 11 Plc are the seven largest marketers.

The Dangote Petroleum Refinery declared on Friday that it would start producing aviation fuel, or JetA1, and automotive petrol oil, or diesel.

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