The Nigerian National Petroleum Company Retail Limited a petroleum distribution and retailing downstream arm of NNPCL Group has signed a strategic partnership agreement with Azikel Petroleum Limited in the area Petroleum Products Sales and Purchase Agreement.
The ground breaking ceremony is an healthy development for the downstream sector of the Nigerian oil and gas industry as both heads of companies, the Managing Director of NNPC Retail Limited, Mr. Huub Stokman, and Chairman of Azikel Petroleum Limited, Dr. Eruani Azibapu, CFR, formally inked a Petroleum Products Sale and Purchase Agreement.
Under the terms of this agreement, NNPC Retail Limited will procure petroleum products, including Premium Motor Spirit (PMS) and Automotive Gasoil (AGO), from Azikel Petroleum Limited’s 12,000 barrel per day hydro skimming refining complex situated in Obunagha, Gbarain, Yenagoa LGA, Bayelsa State, Nigeria.
This alliance aims to enhance the distribution and availability of petroleum products across the nation, marking an important step in fostering economic growth, energy security, accessibility and affordability.
