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NMDPRA licenses Eterna, Emadeb to begin petrol importation from July

Salient Times Online by Salient Times Online
June 24, 2023
in Business
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NMDPRA licenses Eterna, Emadeb to begin petrol importation from July
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NMDPRA licenses Eterna, Emadeb to begin petrol importation from July

Eterna Plc, Emadeb Energy Services Limited, and Asharami Energy have been licensed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to import petrol into the country.

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According to sources, the three companies were the first among the six oil firms licensed to import petrol by July.

“The licensed companies are Eterna Plc, Emadeb Energy Services Limited, and Asharami Energy,” a source said.

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Following the withdrawal of the petrol subsidy, the Nigerian National Petroleum Company (NNPC) Limited had said it is no longer the sole supplier of petrol in the country.

Prior to the subsidy removal, the company served as the country’s last-resort supplier, ensuring a steady distribution of petroleum products.

On June 15, the NMDPRA announced that three oil marketers will start importing petroleum products from next month.

Farouk Ahmed, chief executive officer (CEO) of NMDPRA, said the oil marketers reached an agreement to enhance cooperation with security agencies, with the aim of facilitating the seamless supply and distribution of petroleum products.

“Already, three oil marketers will from July this year start importing petroleum products into the country,” Ahmed had said.

On Monday, the NMDPRA said the number of the firms increased to six.

“There are six companies who said they want to import fuel in July. Of course, all the others may import in December, in November, or anytime but those who expressed interest to bring in fuel in July there were six of them as of this morning,” the NMDPRA CEO said.

“Dangote refinery is surprisingly not among the first three companies, but there are strong indications that the company will be among the companies granted the importation permit in the near future,” another source said.

Tags: Asharami EnergyEmadeb Energy Services LimitedEterna PlcNMDPRA
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