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NNPC Weekly: Plans to end petroleum products diversion begin

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 The Nigerian National Petroleum Company Limited NNPC Ltd started its activities for the new week with a meeting with major marketers of petroleum products in the nation s downstream sector The aim of the meeting was to grow a strong determination to sustain energy security for the country and avoid diversion of petroleum products The meeting which held at the NNPC Towers Abuja had in attendance the Major Oil Marketers Association of Nigeria MOMAN the Depot and Petroleum Products Marketers Association of Nigeria DAPPMAN and Independent Marketers on the need to curb products diversion The Group Executive Director Downstream who was represented by the Managing Director MD Petroleum Products Marketing Company PPMC Mr Isiyaku Abdullahi said that NNPC as the sole importer of petroleum products was in a critical situation that required the solid cooperation of the marketers to sustain product availability to Nigerians and reduce burden of high evacuation costs on government in terms of under recovery Abdullahi said that the company was concerned that in spite of the high truck out of Premium Motor Spirit PMS from depots across the country the market was still experiencing shortfalls noting that diversion of products had been identified as a likely reason for the gap He appealed to the marketers to activate the Corporate Social Responsibility CSR component of their businesses to support both the Federal Government and the NNPC in sustaining energy security for Nigeria Abdullahi stressed that such gesture would help in cushioning the effect of the current global energy crisis On his part the Executive Secretary of MOMAN Mr Clement Isong said that NNPC was playing a key role in keeping the country well supplied in terms of petroleum products especially at a critical time when the world faced inflationary problems Speaking in a similar vein the Executive Secretary of DAPPMAN Mr Clement Isong expressed satisfaction with the outcome of the meeting assuring that DAPPMAN as a responsible organisation is committed to ensuring efficient supply and distribution of petroleum products across the country NAN
NNPC Weekly: Plans to end petroleum products diversion begin

Nigerian National Petroleum Company Limited

The Nigerian National Petroleum Company Limited (NNPC)Ltd.) started its activities for the new week with a meeting with major marketers of petroleum products in the nation’s downstream sector.

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The aim of the meeting was to grow a strong determination to sustain energy security for the country and avoid diversion of petroleum products.

naija papers

Major Oil Marketers Association of Nigeria

The meeting which held at the NNPC Towers, Abuja, had in attendance the Major Oil Marketers Association of Nigeria (MOMAN), the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Independent Marketers, on the need to curb products diversion.

naija papers

Group Executive Director

The Group Executive Director, Downstream who was represented by the Managing Director (MD), Petroleum Products Marketing Company (PPMC), Mr Isiyaku Abdullahi, said that NNPC as the sole importer of petroleum products was in a critical situation that required the solid cooperation of the marketers to sustain product availability to Nigerians and reduce burden of high evacuation costs on government in terms of under-recovery.

Premium Motor Spirit

Abdullahi said that the company was concerned that in spite of the high truck-out of Premium Motor Spirit (PMS) from depots across the country, the market was still experiencing shortfalls, noting that diversion of products had been identified as a likely reason for the gap.

Corporate Social Responsibility

He appealed to the marketers to activate the Corporate Social Responsibility (CSR) component of their businesses to support both the Federal Government and the NNPC in sustaining energy security for Nigeria.

Abdullahi stressed that such gesture would help in cushioning the effect of the current global energy crisis.

Executive Secretary

On his part, the Executive Secretary of MOMAN, Mr Clement Isong, said that NNPC was playing a key role in keeping the country well supplied in terms of petroleum products, especially at a critical time when the world faced inflationary problems.

Executive Secretary of DAPPMAN

Speaking in a similar vein, the Executive Secretary of DAPPMAN, Mr Clement Isong, expressed satisfaction with the outcome of the meeting, assuring that DAPPMAN as a responsible organisation is committed to ensuring efficient supply and distribution of petroleum products across the country.

(NAN)

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