The Independent Petroleum Marketers Association of Nigeria (IPMAN) has signed a business deal with the Dangote Refinery to enable the Dangote refinery supply the IPmAN 240 million liters of Petrol monthly.
FCNN gathered that the deal will enable the IPMAN to directly lift 60 million litres of petrol weekly from the refinery without intermediaries, and it will take effect this November, according to the association’s National Publicity Secretary, Chinedu Ukadike.
Ukadike, stated that the IPMAN members will distribute the petrol nationwide, with the volume depending on demand. He noted that discussions and final documentation are almost complete, and lifting could begin immediately after this process.
It was further learnt that the Dangote Group has assured IPMAN of readiness to commence supply as soon as they are ready for transaction.
