IPMAN to partner with foreign crude refiners

Oil marketers are fashioning out modalities to partner foreign crude oil refiners by December this year with a view to resume importation and further improve product supply in the country.

The Independent Petroleum Marketers Association of Nigeria’s National Controller of Operations, Mr. Mike Osatuyi, who disclosed this in an interview refused to mention the foreign refiners’ names, which the Association is discussing with in Europe and other continents.

He said the issue has reached an advanced stage as IPMAN representatives and other marketers have met with officials of foreign oil refining firms on the issue.

According to him, the right to give approval to marketers, who want to partner crude refiners abroad lies with the Department of Petroleum Resources and not the Nigerian National Petroleum Corporation.

He urged the Federal Government to address problems facing the marketers in terms of access to foreign exchange by ensuring that they and other users are able to access forex for growth.

Source: The Nation

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