The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, is in discussions with Azikel Refinery in Bayelsa State for a direct supply arrangement. This deal would enable PETROAN members to access locally refined petroleum products. A delegation led by PETROAN's National President, Dr. Billy Gillis-Harry, met with Azikel Refinery's Chairman, Dr. Eruani Godbless, and management team to explore collaboration opportunities. The meeting focused on the refinery's development and operational plans.
The proposed offtake arrangement would allow PETROAN members to purchase petroleum products from Azikel Refinery, subject to mutually agreed commercial, technical, and operational terms. Dr. Gillis-Harry emphasized PETROAN's commitment to working with indigenous refineries to strengthen the downstream petroleum sector. He highlighted the importance of improving access to locally refined products and creating practical partnerships with refineries.
Dr. Gillis-Harry stated that PETROAN's engagement with Azikel Refinery aims to develop a sustainable relationship benefiting both parties. The goal is to establish a dependable supply relationship that works commercially for the refinery and gives PETROAN members greater confidence in planning their businesses. This partnership would improve product availability, strengthen supply chains, and create greater certainty for businesses and consumers.
Dr. Eruani Godbless welcomed the PETROAN delegation and emphasized the importance of building strategic relationships with petroleum products retail outlets. The two parties agreed on the need for continued engagement to address the commercial and operational requirements of the proposed offtake arrangement. This collaboration aligns with efforts to expand domestic refining capacity and strengthen local petroleum products supply.
The partnership discussions come amid Nigeria's efforts to boost domestic refining capacity. For PETROAN, collaboration with indigenous refineries is part of its broader engagement with stakeholders across the downstream petroleum value chain. The association seeks to promote a more efficient, competitive, and sustainable petroleum products market in Nigeria.
PETROAN's engagement with Azikel Refinery reflects its commitment to supporting indigenous refineries. The association believes that collaboration with domestic refineries will improve the availability of locally refined products. This partnership is expected to benefit both PETROAN members and Azikel Refinery.
The meeting between PETROAN and Azikel Refinery marks a significant step towards strengthening the downstream petroleum sector. Both parties are committed to continued engagement to address the requirements of the proposed offtake arrangement. This collaboration has the potential to improve the availability of petroleum products in Nigeria.
Key points
- PETROAN seeks direct fuel supply deal with Azikel Refinery to access locally refined petroleum products.
