By Peter Uzoho
Marketers of petroleum products under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) have called for a joint action of stakeholders in the Nigeria economy to find ways to mitigate adverse effects of the imminent increase in the price of petrol.
The marketers’ cartel also canvassed for the replication of the current measure to cut cost of operation in the country’s oil and gas industry to the entire spectrum of the economy, especially governance.
The Chairman of MOMAN and Managing Director of 11Plc, Mr. Tunji Oyebanji, advanced the positions of the association yesterday in a statement he presented at a virtual press briefing hosted in Lagos with the title: ‘After Deregulation, What Next?’.
How new system will check petrol smuggling, hoarding DPR
On
By Obas Esiedesa – Abuja
The Department of Petroleum Resources, DPR, on Thursday launched a new digital system to monitor and track the distribution of petrol and other petroleum products across the country, saying it will check product scarcity and smuggling.
The Downstream Remote Monitoring System, DRMS, and inventory management solution for petroleum products supply and distribution is designed to provide a holistic view of the downstream value chain in real-time.
DPR Director/CEO, Engr. Auwalu Sarki explained at the official launch of DRMS that it would guarantee the availability and reliability of real time data for decision making and planning purposes.
DPR to upgrade downstream petroleum sector operations
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By Michael Eboh
The Department of Petroleum Resources, DPR, Tuesday, disclosed that it plans to upgrade operations in the downstream petroleum industry, leveraging on its ongoing automation process.
In a statement in Abuja, Director/Chief Executive Officer of the DPR, Engineer Sarki Auwalu, stated that the upgrade would be to global standards and would be driven by its deployment of improved technology.
Auwalu, who was speaking at a virtual meeting with members of the Major Oil Marketers Association of Nigeria, MOMAN, in Abuja, noted that the DPR was currently deploying appropriate technology to enhance value for operators and investors alike in the downstream sector .
Major Oil Marketers Association of Nigeria (MOMAN) says plans to fix the freight rate for Premium Motor Spirit (PMS) can hinder the downstream sector’s full deregulation.