Major Oil Marketers Association of Nigeria (MOMAN) has restated its support for government policy on the petroleum industry, including policy on deregulation, which remains the only way to achieving a robust and sustainable downstream petroleum industry.
The National Petroleum Policy articulates a vision for Nigeria to become a nation “where hydrocarbons are used as a fuel for national economic growth and not simply as a source of income.” The Policy recognises that Nigeria “must develop a petroleum industry where the value added in oil stream is realized, combined with a move towards a gas based industrial economy and that the future for oil producers lies in developing a value added sector of refining and petrochemicals” given the volatility in oil and gas prices. The Policy envisions a strong refining sector, which will transition the refineries from selling only capacity to selling both capacity and products.
Its Chairman, Adetunji Oyebanji, who stated this in a communiqué after MOMAN’s Chief Executive Officers’ (CEOs’) strategy retreat in Abuja on the way forward for a sustainable and viable downstream sector, said the two-day retreat recognised the outstanding work done by the Nigeria National Petroleum Corporation (NNPC) to ensure continuous supply of petroleum products in 2018 and 2019, especially during the election period.
The Federal Executive Council on July 19, 2017 approved the National Petroleum Policy (NPP), which articulates a vision for Nigeria to become a nation “where hydrocarbons are used as fuel for national economic growth and not simply as a source of income”.
He also lauded the improved collaboration between NNPC and MOMAN, especially PPMC, which he said, contributed significantly to the outcome. He added that the association would proactively collaborate with government towards the development of the downstream petroleum industry, including renewable and alternative energies in Nigeria.
The MOMAN chair said the association is poised to optimise and reduce supply chain costs through better collaboration and use of technology. He added that MOMAN will ensure development and compliance with an industry self-regulatory regime to support the industry regulator and raise Nigeria’s safety, technical and quality standards in fulfillment of the government’s national petroleum policy. “MOMAN is committed to improving customer service and the deployment of technology in the protection of the customer and ultimately the business.”
Oyebanji assured of training and development of Nigerians in important disciplines, including engineering, management and strategy. According to him, the Association will also establish a think-tank of professionals to tackle industry issues and proffer workable solutions to identified problems.
Part of its strategic policy objectives, he said, was to create a market-driven oil and gas industry, cost efficient storage, transportation and distribution of petroleum products.
He reiterated MOMAN’s plans to strengthen its support to the Federal Road Safety Corps (FRSC); the Department of Petroleum Resources (DPR); Petroleum Products Pricing Regulatory Agency (PPPRA); Standards Organisation of Nigeria (SON) and other regulatory agencies, which impact the downstream to improve product transportation.
“We also acknowledge that we need to support the regulatory agencies by adopting internal self-regulation practices if we want the industry to operate at acceptable international levels.
“MOMAN will focus on service to the Nigerian customer at retail outlets and towards this purpose to use training of forecourt employees, managerial competencies development and technology to ensure that the Nigerian customer gets full value for the products and services he/she is paying for,” Oyebanji added.
He also affirmed MOMAN’s intention “to have a more inclusive MOMAN and begin the process of opening our doors to new members, as well as share our savoir-faire and international best practices from our heritage and experience of over a hundred years in the industry”. He said the association will continue to strengthened partnership with NNPC to ensure seamless supply of petroleum products across the country.