April 16, 2024

NNPCL enters into agreement to buy PMS, AGO from Azikel refineries

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azikel refinery

Ilenre Irele

The NNPC Retail Limited has signed products and purchase agreement with an indigenous modular refinery, Azikel Petroleum Limited, to forge strategic partnerships in making petroleum products readily available to Nigerians.

Under the terms of the agreement, NNPC Retail Limited will procure petroleum products, including Premium Motor Spirit, PMS and Automotive Gas Oil, AGO, from Azikel Petroleum Limited’s 12,000 barrel-per-day hydro-skimming refining complex situated in Obunagha, Gbarain, Yenagoa LGA of Bayelsa State.

The agreement was signed for NNPCL by the Managing Director of NNPC Retail Limited, Mr. Huub Stokman; while the Chairman of Azikel Petroleum Limited, Dr. Eruani Azibapu, signed for the indigenous refinery

NNPC Ltd on its official X handle said the alliance aims to enhance the distribution and availability of petroleum products across the nation, marking an important step in fostering economic growth and energy security.

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