Energy Briefs
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THE Independent Petroleum Marketers Association of Nigeria, IPMAN, has signed a five-year throughput and trading agreement with Star Synergy Petroleum Services Limited. The agreement involved the storage and supply of petrol, diesel, kerosene and aviation fuel across Nigeria, Star Synergy said in a statement.
Babatunde Babalola, managing director, Star Synergy Petroleum Services, was quoted as saying that the new agreement would boost IPMAN’s over 2,500 gas stations in the length and breadth of Nigeria, describing it as a direct move to play a major role in the deregulation of the sector by the federal government.
He said, “The arrangement between IPMAN and Star Synergy is coming at a time the Nigerian government is doing all in its power to make petroleum products available in good quantity to all Nigerians, and, as such, we must play our role positively to enhance the government gesture. Though the recent increase in pump price of petrol came at a time the nation’s economy is going through one of its worst moment since nationhood but with the assurance from the President Muhammadu Buhari-led federal government, Nigerians would soon smile.”
According to Babalola, IPMAN, as a responsible body, is doing all within its ability to make supply of the products easily available to all Nigerians through its outlets and anything that will make such work is worth the effort. “We are happy to be playing some role in contributing to the storage and supply of the products, which is the recent agreement entered into with the leadership of IPMAN,” he said.
The IPMAN and Star Synergy Petroleum Services agreement takes immediate effect, according to the statement.
— Jun 27, 2016 @ 01:00 GMT
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