Major oil marketers support government policy on deregulation …To increase collaboration with NNPC on fuel supply

 Major oil marketers support government policy on deregulation

.To increase collaboration with NNPC on fuel supply

By Joel ThankGod (Financial Business, Abuja)

The Major Oil Marketers Association of Nigeria, MOMAN, has expressed its readiness to support the Federal Government’s policy on deregulation of the downstream petroleum sector of the economy.

This formed part of the communiqué issued at the Chief Executive Officer’s two-day strategy retreat in Abuja, stressed that MOMAN sees deregulation as the only way to achieve a robust and sustainable downstream petroleum industry in Nigeria.

The communiqué signed by the Chairman of MOMAN, Adetunji Oyebanji and made available to Financial Business, states that MOMAN strongly supports the Petroleum Policy of government and will proactively collaborate with government towards development of the downstream petroleum industry, including renewable, as well as alternative energies in Nigeria.

The document stated further, “MOMAN is ready to improve collaboration with Nigerian National Petroleum Corporation, NNPC, Petroleum Products Marketing Company, PPMC, after petrol supply successes last year, during the festive season and the election period.

“To optimise, reduce supply chain costs through better collaboration and use of technology.

“To strengthen our support for Federal Road Safety Corps, the Department of Petroleum Resources, Petroleum Products Pricing Regulatory Agency, Standards Organisation of Nigeria and other regulatory agencies, which impact the downstream to improve product transportation.

“We also acknowledge that we need to support the regulatory agencies by adopting internal self-regulation practices, if we want the industry to operate at acceptable international levels.”

The Communiqué added,  “MOMAN will also focus on services to Nigerian customers at retail outlets.  Towards this purpose, to use training of forecourt employees, managerial competencies development and technology to ensure that the Nigerian customers get full value for the products and services.

“To contribute significantly to the development of core industry competencies, such as Technical, Engineering and Strategic Management, to support development of the Nigerian downstream industry. To support government’s policy on deregulation, which is in our view the only way of achieving a robust and sustainable downstream petroleum industry.

“To have more inclusive MOMAN and begins the process of opening our doors to new members, as well as sharing our savoir-faire and international best practices from our heritage and experience of over 100 years in the industry”.