Oil Marketers, under the aegis of Major Oil Marketers Association of Nigeria, MOMAN, Independent Petroleum Marketers Association of Nigeria, IPMAN, and Depot and Petroleum Products Marketers Association, DAPPMA, have called on the Federal Government to urgently deregulate and liberalize the country’s downstream petroleum sector for unfettered private sector participation and investment, which is course subject […]

By OpeOluwani Akintayo 17 January 2019, Sweetcrude, Lagos — The Major Oil Marketers Association of Nigeria, MOMAN, has cleared the air on concerns that it was the federal government that asked its members to stop the importation of petroleum products. In a chat with SweetcrudeReports on Thursday, Chairman of the body and Managing Director, 11 Plc, […]

*Laments members are “no longer favourites of banks” By OpeOluwani Akintayo 18 January 2019, Sweetcrude, Lagos — Inaccessibility to funding is a clog in the wheel of putting into use refining licenses issued to its members by the federal government a few years ago, the Major Oil Marketers Association of Nigeria, MOMAN finally opened up. In […]

Mr Adetunji Oyebanji is the new Chairman of the Major Oil Marketers Association of Nigeria and Managing Director, 11 Plc (formerly Mobil Oil Nigeria Plc). He speaks with ’FEMI ASU on the state of the nation’s downstream oil and gas industry What are your thoughts about the downstream subsector of the Nigerian oil and gas industry? The industry […]

Stakeholders in the downstream sector of the Nigerian oil and gas industry have kicked against the provision of fuel subsidy in the 2019 budget. They say including subsidy in the budget will elevate corruption in the sector to the highest level and will not allow for any transparency in the sector…Read More

Nigeria imports petrol because she can’t meet her demand for refined oil, our refineries can’t refine our crude oil or petroleum into petrol so we import, the major problem here is the high exchange rate when importation takes place which makes the petrol so expensive, so the Federal Government has to subsidize petrol so everyone […]