The Nigerian Midstream and Downstream Petroleum Regulatory
Authority (NMDPRA) says it is ready to issue licences to companies interested
in petrol importation.
Speaking to journalists on Tuesday, Farouk Ahmed, chief
executive officer of NMDPRA, said the criteria for importing kerosene and
diesel will be applicable for the importation of the product.
However, Ahmed said several conditions have to be met before
the applicants are granted licences.
“There are a lot of conditions to be met before you are
given a licence to import petrol,” he said.
“I cannot give you all the rundown now but I can tell you
that just the way marketers import diesel or jet kero, there are conditions for
all that and the same condition will apply to those who want to import premium
motor spirit (PMS).”
Only companies that are lessees producing crude oil and/or
condensates or who are holders of crude oil refining licences are eligible to
supply wholesale petroleum liquids (including petrol importation), according to
section 197 (2) of the Petroleum Industry Act (PIA) 2021.
While the PIA empowers the NMDPRA to issue licences to
refiners or producers of crude oil, the regulation, in sections 73 (3) and 111
(1), provides that the minister of petroleum must approve such licences.
Currently, the Nigerian National Petroleum Company (NNPC) is
the last-resort supplier, tasked with importing refined petrol to ensure
adequate supply and distribution in the country.
Through the direct sale, direct purchase (DSDP) scheme, the
country exports crude oil and exchanges it for refined petroleum products.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com