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Marketers Register With Dangote Refinery Ahead Of Loading - Business - Nairaland

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Marketers Register With Dangote Refinery Ahead Of Loading by dre11(m): 2:44pm On Jun 10
As Nigerians expect premium motor spirit from the Dangote Petrochemical Refinery this month, petroleum marketers have started registering with the company ahead of loading the product, The PUNCH has learnt.

The marketers are registering as individual business owners applying to get direct fuel supply from the oil refinery.

This is even as the Independent Petroleum Marketers Association of Nigeria said it would continue talks with the company to get bulk supply for its members who may not be able to buy a large volume of petrol from the refinery.

The President of the Dangote Group, Aliko Dangote, last month disclosed that it would begin the sale of PMS in June, saying his refinery would end the importation of petrol into Nigeria.

Speaking at the recent Africa CEO Forum Annual Summit in Kigali, Rwanda, Dangote expressed optimism about transforming Africa’s energy landscape.

“Right now, Nigeria has no cause to import anything apart from gasoline and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a litre,” he declared

“We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa. We have enough aviation fuel to give to the entire continent and also export some to Brazil and Mexico.”

“We have started producing jet fuel, we are producing diesel, and by next month, we’ll be producing gasoline. What that will do, it will be able to take most African crude,” Dangote told the panel.

The words of Dangote appeared to have come as a soothing balm to marketers who have not been able to import fuel for a long time.

To independent marketers, the news is heart-warming because they have hitherto depended on third parties to get petrol at a higher cost for their filling stations scattered across the country.

When he was speaking with our correspondent in May, the National Vice President of IPMAN, Hammed Fashola, expressed happiness, saying “the Dangote refinery can satisfy our needs as far as petroleum products are concerned, especially petrol”.

The IPMAN leader expressed the eagerness of marketers to start lifting fuel from the refinery, saying, “We are all waiting, we are eager for the commencement of the lifting on petroleum products from Dangote refinery, especially petrol”.

The marketer stressed that the private refinery would put an end to fuel scarcity in Nigeria as the product would no longer be imported.

Meanwhile, Fashola explained that IPMAN as a body is yet to have an agreement with the Dangote refinery on the supply of premium motor spirit, calling on the company to consider working directly with the association instead of individuals.

He noted that IPMAN should be a beautiful bride before Dangote for being in control of over 80 per cent of the filling stations in Nigeria.

Fashola said plans had been concluded to meet Dangote for discussions on possible price cuts. He told The PUNCH that they would meet with Dangote to negotiate a discount through bulk purchases.

The IPMAN leader said, “We have our letter with them, we are expecting their response, and we will surely do a follow-up. The letter was sent about a month ago and we are going to follow up. We are just like a ready-made market for Dangote. It is an advantage for him to have us in his programme. I believe that he would like to have us.”

He added that the association would request a discount during the meeting with Dangote. “You know when you come together as a group, you have that negotiating power on your strength. There is no way we will not negotiate for a discount. That is why we don’t encourage individual company participation,” he stated.

While it appears the proposed meeting with Dangote has yet to materialise, Fashola informed our correspondent on Sunday that individual marketers are already applying for the product.

Asked if IPMAN had met with Dangote, he replied, “No, but we have started registering individually with the company.”

Replying to whether the marketers were no longer interested in meeting the company’s president, he said, “Discussion is still going on it.”

Contacted, the Executive Secretary of the Major Energies Marketers Association of Nigeria, Clement Isong, said he would not know whether or not members of the association were already registering with Dangote.

“I have to ask, I am not sure. I don’t know. I don’t have any information,” Isong tersely retorted.

There are speculations that the refinery might choose to sell its petrol through a major marketer.

The company is currently selling its diesel through MRS, one of the energy firms making up MEMAN.

“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS oil and gas stations to ensure that consumers get to buy fuel at affordable prices in all their stations, be it Lagos or Maiduguri,” the company’s spokesperson, Anthony Chiejina, said in April.

When the Dangote refinery announced the commencement of operations in January, the Executive Secretary of MEMAN, Isong, informed The PUNCH that its members had registered with the refinery.

“We have all registered with Dangote so that we can buy and sell. All my members are registered with Dangote. Whenever the product is ready and starts coming out, you will see it in our filling stations.

“I confirm that my members have registered with them. We were waiting for the production to start and now it has started and they will start discussing the commercial terms.

“So now, the commercial terms will be agreed with each marketer and then they will buy from them,” Isong stated.

In January, the Dabgote Group, owners of the 650,000 barrels per day capacity refinery confirmed the registration of oil marketers as its distributors, stating, “Three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The Depot and Petroleum Products Marketers Association of Nigeria, the Independent Petroleum Marketers Association of Nigeria, and the Major Energies Marketers Association of Nigeria.”

Meanwhile, Nigerians are eagerly waiting to start having the Dangote petrol in circulation, hoping that it would crash the current pump price of the fuel which the masses majorly depend on for transportation and individual power generation.

https://punchng.com/marketers-register-with-dangote-refinery-ahead-of-loading/?amp

14 Likes 1 Share

Re: Marketers Register With Dangote Refinery Ahead Of Loading by EmperorCaesar(m): 2:53pm On Jun 10
But but Obidients said its all lies and propaganda and that nothing is currently going on in that refinery

Why then are these marketers registering for something thats not sure

With this his refinery, the future looks promising...I hope the price of petrol gets slashed going forward

50 Likes 3 Shares

Re: Marketers Register With Dangote Refinery Ahead Of Loading by FourQu: 2:59pm On Jun 10
EmperorCaesar:
But but Obidients said its all lies and propaganda and that nothing is currently going on in that refinery

Why then are these marketers registering for something thats not sure

Oya run angry

https://www.nairaland.com/8117580/reason-bateria-gave-us-political

Log out and wait until I've gone to sleep

1 Like

Re: Marketers Register With Dangote Refinery Ahead Of Loading by Gbadugbakun(m): 3:01pm On Jun 10
I have 10k in my heritage bank account. But they have block the bank and I cannot withdraw my money. I really wanted to use it to register with dangote refinery and buy fuel. Let me still wait sha maybe the account would open.

6 Likes

Re: Marketers Register With Dangote Refinery Ahead Of Loading by eliyke(m): 3:02pm On Jun 10
Oya na,abi Dem go still commission dis refinery again?

1 Like

Re: Marketers Register With Dangote Refinery Ahead Of Loading by Konquest: 3:02pm On Jun 10
dre11:

As Nigerians expect premium motor spirit from the Dangote Petrochemical Refinery this month, petroleum marketers have started registering with the company ahead of loading the product, The PUNCH has learnt.

The marketers are registering as individual business owners applying to get direct fuel supply from the oil refinery.

This is even as the Independent Petroleum Marketers Association of Nigeria said it would continue talks with the company to get bulk supply for its members who may not be able to buy a large volume of petrol from the refinery.

The President of the Dangote Group, Aliko Dangote, last month disclosed that it would begin the sale of PMS in June, saying his refinery would end the importation of petrol into Nigeria.

Speaking at the recent Africa CEO Forum Annual Summit in Kigali, Rwanda, Dangote expressed optimism about transforming Africa’s energy landscape.

“Right now, Nigeria has no cause to import anything apart from gasoline and by sometime in June, within the next four or five weeks, Nigeria shouldn’t import anything like gasoline; not one drop of a litre,” he declared

“We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa. We have enough aviation fuel to give to the entire continent and also export some to Brazil and Mexico.”

“We have started producing jet fuel, we are producing diesel, and by next month, we’ll be producing gasoline. What that will do, it will be able to take most African crude,” Dangote told the panel.

The words of Dangote appeared to have come as a soothing balm to marketers who have not been able to import fuel for a long time.

https://punchng.com/marketers-register-with-dangote-refinery-ahead-of-loading/?amp
Either the CNG distribution outlets or the Dangote Refinery PMS scheduled for final production and distribution in June 2024 would be game changers and bring maximum respite for the Nigerian and non-Nigerian folks in Nigeria who are battling with hyperinflation and reduced purchasing power. It is expected that the cost of transportation of goods and passengers would drop sharply, thereby leading to a drop in the cost of production.

5 Likes 1 Share

Re: Marketers Register With Dangote Refinery Ahead Of Loading by AK481(m): 3:03pm On Jun 10
ok
Re: Marketers Register With Dangote Refinery Ahead Of Loading by emmabest2000(m): 3:03pm On Jun 10
EmperorCaesar:
But but Obidients said its all lies and propaganda and that nothing is currently going on in that refinery

Why then are these marketers registering for something thats not sure

With this his refinery, the future looks promising...I hope the price of petrol gets slashed going forward

Initial gara gara grin

1 Like 2 Shares

Re: Marketers Register With Dangote Refinery Ahead Of Loading by Macdeey: 3:03pm On Jun 10
grin

Register fast fast before this Capt. JagaSleep Wake's up and hammer una Unnecessary and unending Tax

2 Likes

Re: Marketers Register With Dangote Refinery Ahead Of Loading by HardBishop: 3:04pm On Jun 10
TINUBU must enforce it. I know

Re: Marketers Register With Dangote Refinery Ahead Of Loading by Kendo93: 3:04pm On Jun 10
Okay 🆗👍
Re: Marketers Register With Dangote Refinery Ahead Of Loading by Nahunger(m): 3:04pm On Jun 10
Stories
Re: Marketers Register With Dangote Refinery Ahead Of Loading by ArinzeAnthony03: 3:04pm On Jun 10
Ok oo, finally
Re: Marketers Register With Dangote Refinery Ahead Of Loading by KEVIND: 3:04pm On Jun 10
EmperorCaesar:
But but Obidients said its all lies and propaganda and that nothing is currently going on in that refinery

Why then are these marketers registering for something thats not sure

With this his refinery, the future looks promising...I hope the price of petrol gets slashed going forward
cho cho cho like parrot
Is it in everything & everywhere you display your foolishness.

11 Likes

Re: Marketers Register With Dangote Refinery Ahead Of Loading by MaziObinnaokija: 3:05pm On Jun 10
cool

1 Like

Re: Marketers Register With Dangote Refinery Ahead Of Loading by AntiChristian: 3:05pm On Jun 10
Good, Better, Best!

Nigeria will come up!

4 Likes

Re: Marketers Register With Dangote Refinery Ahead Of Loading by travelzcruix: 3:05pm On Jun 10
May your achievement silence the mouths of your critics like this post.

4 Likes

Re: Marketers Register With Dangote Refinery Ahead Of Loading by AbuTwins: 3:05pm On Jun 10
I am greatly optimistic that Nigeria will be great again!

Nigeria we hail thee

5 Likes 1 Share

Re: Marketers Register With Dangote Refinery Ahead Of Loading by DMerciful(m): 3:05pm On Jun 10
This Dangote Refinery issue is 'follow-me-loss'

Every time, about to, granting license to, requesting, seeking for grin

Just do it already and Nigerians can tell from the streets when there's enough availability and prices starts falling

8 Likes 1 Share

Re: Marketers Register With Dangote Refinery Ahead Of Loading by Grunddie(m): 3:06pm On Jun 10
Interesting
Re: Marketers Register With Dangote Refinery Ahead Of Loading by Amedu3: 3:06pm On Jun 10
Dangote is one of the determiners of Nigeria economy ...shameless capitalist encouraged by corrupt politicians and leaders.



Amedu say so.

3 Likes 1 Share

Re: Marketers Register With Dangote Refinery Ahead Of Loading by KEVIND: 3:06pm On Jun 10
Thank you Dangote & Congratulations Nigerians,
The fake lovers of Nigeria who voted for calamities Buhari & Tinubu will come to tells how others are sad because fuel will be cheaper thanks to Dangote

2 Likes

Re: Marketers Register With Dangote Refinery Ahead Of Loading by ecomalchemistt(m): 3:06pm On Jun 10
Good job
Re: Marketers Register With Dangote Refinery Ahead Of Loading by Blaze14k: 3:06pm On Jun 10
Why is dangote buying crude from US
Re: Marketers Register With Dangote Refinery Ahead Of Loading by santopelele(m): 3:06pm On Jun 10
We have been hearing all this Bull story since last year, dangote the cabal of Nigeria

2 Likes

Re: Marketers Register With Dangote Refinery Ahead Of Loading by Kingpele(m): 3:07pm On Jun 10
Wow very interesting....I have known all this while that Nigeria can build four standard refineries with the money generated from crude oil sales but our politicians will loot everything...but I thank God that atleast our govt had a share in this refinery that's one area buharia did well....
Re: Marketers Register With Dangote Refinery Ahead Of Loading by Fibonacci88: 3:07pm On Jun 10
If Dangote has the best interest for Nigerians he should cut out IPMAN from the value chain. Anyone who wants to lift product from the refinery should go directly to Dangote buy and sell with ur profit margin. IPMAN is one of the problems we have in the downstream sector. They are only interested in controlling price by creating artificial scarcity. They were the major beneficiary of subsidy.

3 Likes 1 Share

Re: Marketers Register With Dangote Refinery Ahead Of Loading by Anguldi(m): 3:08pm On Jun 10
May it bring about good fortune to ALH Dangote &Group and Nigerians at large tongue

1 Like

Re: Marketers Register With Dangote Refinery Ahead Of Loading by sms4sure(m): 3:08pm On Jun 10
Good news

1 Like

Re: Marketers Register With Dangote Refinery Ahead Of Loading by theophorus(m): 3:10pm On Jun 10
No wahala, wetin we sha want na make PMS come 150/Litre.

1 Like

Re: Marketers Register With Dangote Refinery Ahead Of Loading by donofdons: 3:11pm On Jun 10
Lol
Re: Marketers Register With Dangote Refinery Ahead Of Loading by pappilo(m): 3:12pm On Jun 10
IPOBidients will be very sad about this news. Their band leader David Ewagoyin will make another video about how the refinery will not run until 2047 and they will lap it up as usual.

When the loading starts, they will come up with something else like the "PMS is low grade blah blah blah".

Bitter Obi, IPOBidients and all those that associate with them will continue to gnash their teeth at the positive events in Nigeria

3 Likes

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