2015 Petroleum Imports 15,097 Metric Tons Of PMS To Nigeria ...Calls on FG, Others to begin implementation of palliatives




 2015 Petroleum and Investments Limited has entered the ranks of private oil companies importing Petroleum Motor Spirit (PMS) into Nigeria following the Nigerian government's removal of subsidies on the product.

Mr. Adeoye Sokoya, The Managing Director of 2015 Petroleum and Investments Limited, who disclosed this to newsmen lauded the government's bold decision to abolish the long-standing Petroleum Subsidy.

2015 Petroleum and Investments Limited, alongside AYM Shafa Limited and Emadep Energy Limited, began PMS importation after the subsidy on the product was lifted by the current administration.

According to the Bill of Ladings for the PMS consignment, which were sighted by our correspondents, the company successfully imported a total of 15,097 metric tons, equivalent to 20.6 million liters of PMS.
This PMS was procured from the renowned oil giant, BP Oil International Limited in the UK.

The transportation of the imported petrol was facilitated by the vessel MT ST NENNE, a daughter vessel that loaded the cargo from BP Oil International's mother vessel, MT Torm Integrity, at Offshore Lome.

Mr. Sokoya emphasized that this move would invigorate growth and development in the Nigerian Petroleum Industry, which had been constrained for decades by the subsidy regime.

Discussing the anticipated efficiency resulting from the subsidy removal, Engr. Gbenga Oyefusi, the Director of Operations of the company, highlighted that market-driven pricing fosters operational efficiency and instigates competition among industry players.
He noted that these benefits are subsequently transferred to the end consumers of the product.

In a bid to address the current challenges, Alhaji Kunle Salahudeen, the Marketing Director of 2015 Petroleum and Investments Limited, appealed for patience from the masses in light of the high petroleum product prices.

He stated that these high prices were attributed to the escalation of oil prices globally due to the Russia-Ukraine conflict.

However, he expressed optimism that with a prudent foreign exchange policy by the government, coupled with the restoration of peace in the Eastern Europe nations, would lead to more affordable product prices in the future.

Salahudeen also urged the government to promptly roll out the palliative measures outlined in the recent presidential address. These measures, are intended to alleviate the impact of subsidy removal on the public.

The Managing Director of the company, Mr Sokoya, while hinting at the long-term strategy of the company, stated that the company is in the process of establishing a modular refinery in conjunction with its foreign partner in the country.

Comments

Post a Comment

Popular posts from this blog

Expert Seeks Employment Of Health Technologists ... As De Potter College Of Health Technology Graduates 694

Image
A call has gone to the federal and state governments to, as a matter of urgency, embark on massive employment of graduates of colleges of health education and technology to nip in the bud the mass exodus (japa) of trained health personnel to western countries in search of greener pastures. This call was made by the Chief Medical Director of Babcock Teaching Hospital, Ilishan Remo, Ogun State, a Professor of Pathology and Public Health, Mandong Barnabas Mafala, during the 1st Convocation Lecture of De Porter College of Health Technology, Oru-Ijebu. The convocation lecture had as its theme; "Re-imaging College of Health Technology: A Pivot for Improving Health Care System in Nigeria." Professor Mafala noted that the employment of graduates of colleges of health technology provide personnels for the Primary Health Care Centers (PHCs) in the country under the management of local government authorities. The CMD also admonished the three tiers of government to resuscitate the use o
Read more

CSOs Demand Urgent Police Investigation Into Alleged Murder of Ishola Salami

Image
Civil Society groups, including the Centre for Human and Socio-economic Rights (CHSR), Frontline Socio-economic Research Centre (FSERC), Campaign Against Impunity (CIA), Centre for the Physically Challenged and Peoples Rights (CPCPR), Community Women Initiative (CWI) and Workbond Initiative Network (WIN) have called for investigations into the death of Mr Ishola Salami by the Nigeria Police. Speaking on behalf of the groups in a press conference on Thursday, the President of CHSR, Mr Alex Omotehinse said that they considered "it pertinent to embark on advocacy and submission of petitions to draw the attention to the failure of the police in Ogombo, Eti-Osa, Lekki and Area 'J' Police Command  of Lagos State to investigate the gruesome murder of Mr. Sheriff Ishola Salami at MOBA town adjacent AJIRAN on Tuesday, April 18, 2023."    Omotehinse stated that the deceased, Mr. Sheriff Ishola Salami, was a leader of the youth in Ojomu community, Ajiran Land.  According to him,
Read more

USA-Based Ogoni Groups Write Shell UK ...Seek Urgent Intervention In Ogoni, Niger Delta

Image
United States of America (USA)-based groups; Ogoni-American Organisation, the National Union of Ogoni Students International (NUOS INTL USA), the Center for Democracy Human Rights and Anti-Corruption International (CDHRAC INT'L USA), and the Movement for the Survival of the Ogoni People (MOSOP) has written a letter to Shell Oil, United Kingdom on the purported onshore oil sale of Shell activities in Ogoni, Niger Delta, Nigeria. The letter, addressed to the Managing Director of Shell Oil, United Kingdom, was entitled; "Urgent Intervention Needed in Ogoni, Niger Delta Nigerian Environmental Crisis And Opposition To Shell's Purported Onshore Activities Sale," dated February 11, 2024 and co-signed by Mr Pius Barikpoa Nwinee, President of the National Union of Ogoni Students, NUOS Int'l USA and the Coordinator of CDHRAC INT'L, USA, Mr Cornelius Dumerrne. The groups said in the letter that Royal Dutch Shell remains persona non grata in Ogoniland, and that Ogoni oil,
Read more