Major Oil Marketers Aim to Reduce Supply Chain Costs

• Major Oil Marketers Aim to Reduce Supply Chain Costs

The Major Oil Marketers Association of Nigeria has said it will optimise and reduce supply chain costs through better collaboration and use of technology.

MOMAN, in a communiqué at the end of a two-day strategic retreat, said it agreed to support the government policy on deregulation, which it described as “the only way of achieving a robust and sustainable downstream petroleum industry.”

The association’s Chairman, Mr Adetunji Oyebanji, said the retreat recognised the outstanding work done by the Nigerian National Petroleum Corporation to ensure the continuous supply of petroleum products in 2018 and 2019, especially during the election period.

He said the major marketers would improve collaboration with the NNPC.

He said that the association would strongly support the Nigerian Petroleum Policy of the Federal Government and proactively collaborate with government towards the development of the downstream petroleum industry including renewable and alternative energies in the country.

The chairman expressed MOMAN’s commitment to strengthen its support to the Federal Road Safety Corps, the Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency, the Standards Organisation of Nigeria and other regulatory agencies, which impact the downstream to improve product transportation.

Oyebanji said, “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.”

He said the association would contribute significantly to the development of core indu4 competencies such as technical, engineering and strategic management to support the development of the downstream industry.

Oyebanji said the major marketers had also agreed “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 100 years in the industry.”