Dangote Refinery and PETROAN have reached an agreement to supply petroleum products to PETROAN distributors and retail outlets.
Dr. Joseph Obele, National Public Relations Officer of PETROAN, said that after several negotiations with Dangote Refinery, they have finally reached a deal to lift off petroleum products from the Dangote Refinery.
A statement from him reads, “The National President of PETROAN, Dr. Billy Gillis-Harry, on Monday, December 2, 2024, led the negotiation team of PETROAN to a fruitful strategic business meeting with the management of Dangote refinery at the complex in Lagos.
“PETROAN is impressed with the outcome of the strategic business meeting, which was evidenced by the establishment of a seller-buyer relationship, reservation of monthly volume for PETROAN, payment modalities, and a favourable rate.
“The sealing of a transactional deal with Dangote refinery was the aftermath of a successful buyer-seller negotiation and agreement secured by PETROAN at the strategic meeting.”
“We reserve the right not to make public the business terms and conditions, even as we express optimism that the greatest beneficiaries in all shall be the general public as it concerns product availability and affordability.”
Continuing, the statement read, “The national headquarters of PETROAN, Abuja, has expressed confidence that the measures put in place by the association following the commencement of production at the Port Harcourt refinery and fruitful deliberations with the management of Dangote refinery will avert fuel supply shortages during and after the festive season.
“PETROAN dismisses any form of fuel scarcity concerns and cautions against panic buying as it is unsafe and dangerous to stock petroleum products at home. PETROAN also calls on stakeholders in the downstream sector to support the management of the NNPC Retail Ltd and the Dangote refinery to sustain the petroleum products supply.”
This agreement was announced on Saturday with additional reports that Port Harcourt Refining Company has started exporting its fuel with its first shipment to Dubai, United Arab Emirates. Although there have been different opinions on the export movement and the reality of operations at Port Harcourt Refinery.
Join Our Social Media Channels:
WhatsApp: NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
