IPMAN, NIMEX partner on 100,000mt of fuel import

ndependent Petroleum Marketers Association of Nigeria (IPMAN) is collaborating with NIMEX Petroleum Group to import 100,000 metric tonnes (mt) of petroleum products to boost supplies,The Nation has learnt.

ipmanIPMAN National President, Chief Obasi Lawson said the association has signed an agreement with NIMEX Petroleum Group for the importation of  petrol Diesel and  kerosene to complement the Federal Government’s effort in driving the downstream sub-sector.

Lawson said the products would be imported by NIMEX while  IPMAN members would distribute them across the country to augment supplies by the Nigerian National petroleum Corporation (NNPC) and other sources.

He said with the deal, products would be available, especially petrol, adding that at the moment, the NNPC’s supplies to members of the association was insufficient.

Lawson said: “IPMAN is not unmindful of the positive effect its complementary effort to bring in petroleum products to service the dire needs of our members. The strategic relationship with NIMEX Petroleum Group will also support to improve the supply chain of petroleum products in the country and positively drive the deregulation policy.

“IPMAN has grown to occupy a pride of place in the downstream sector of the oil and gas Industry. With a membership of well over 10,000 marketers across the country, it controls well over 87 per cent of the petroleum products retail outlets in Nigeria with a reach to every nook and cranny.

“This commendable spread of IPMAN members’retail outlets across the country requires a steady supply of petroleum products for easy access by Nigerians.

“The NIMEX Petroleum Group founded by Azmat Mahmoud, an astute German businessman, is a global name in the provision of solid services in the petroleum sector.The company has a global footprint in more than 15 countries in Africa with three decades experience in the provision of services in petroleum-related trading.

“It is in recognition of this global reach by NIMEX, that IPMAN decided to partner with it in order for it to bring its huge experience to support IPMAN in capacity building. Mr Kanwar Ratra, the President of NIMEX, has assured us of their preparedness to satisfy the yearnings of our members for products.”

The IPMAN chief praised the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, and the Group Managing Director of NNPC, Dr Maikanti Baru, for their wonderful job in the oil and gas industry reform.

According to him, Kachikwu and Baru through the NNPC and the Products and Pipeline Marketing Company (PPMC) are responsible for the peace that IPMAN and other Nigerians are enjoying today.