December 8, 2024
By Idris Buba
The National President of Petroleum Products Retail Outlets Owners Association, PETROAN, Dr. Billy Gillis-Harry, has led the Petroleum Products Retail Outlets Owners Association, PETROAN to negotiate and sign a deal with the Dangote Refinery in Lagos
PETROAN and Dangote Refinery held talks, targeted at concluding details for lifting petroleum products
However, Gillis-Harry said lifting of products would not start immediately as discussions were ongoing to conclude pricing, volume and logistics.
“We are working out details. Pricing, volume, frequency and logistics are still being discussed.”
The association had disclosed that, “The National President of PETROAN, Dr Billy Gillis Hary, on Monday 2nd December 2024 led the Negotiation team of PETROAN to a fruitful strategic business meeting with the management of Dangote Refinery at the complex in Lagos.
“The Sealing of a transactional deal with Dangote Refinery was the aftermath of successful buyer-seller negotiation and agreement secured by PETROAN at the strategic meeting.
“PETROAN National President commended the Vice President of Dangote Group & Managing Director of Dangote Refinery, Mr. Devakumar V. G. Edwin, for his cooperation and strategies deployed so far to make petroleum products available to all Nigerians throughout the end-of-year festivities and beyond.
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“PETROAN is impressed with the outcome of the strategic business meeting which was evidenced by the establishment of a Seller/Buyer relationship, reservation of monthly volume for PETROAN, payment modalities and a favourable rate.
“PETROAN dismisses any form of fuel scarcity concerns, caution against panic buying as it is unsafe and dangerous to stock Petroleum products at home.
“This was due to the efforts of the PETROAN distribution technical committee in charge of planning and execution of the zero-fuel scarcity strategy. We are happy that Nigerians are going to travel effortlessly during this period of the year.
“We hereby reassure Nigerians of PETROAN’s preparedness to ensure zero-scarcity of petroleum products during the upcoming festive season and beyond as all our retail outlets operators in all the states in Nigeria have been placed on green alert.”
