IPMAN, Star Petroleum sign 5-year Oil supply deal

The recent deregulation of the Oil sector by the Federal Government is beginning to take a positive effect as the Independent Petroleum Marketers Association of Nigeria; IPMAN has expanded its mode of service delivery of the black gold across the nation.

The umbrella body of the Oil and Gas distribution chains in Nigeria recently signed a five-year Thruput and Trading agreement with Star Synergy Petroleum Services Limited.

The agreement includes storage and supply of PMS, AGO, DPK and Aviation across Nigeria.The new agreement will boost IPMAN over 2,500 gas stations in the length and breadth of Nigeria and as a direct move to play a major role in the deregulation of the sector by the Federal Government of
Nigeria, declared Managing Director of Star Synergy Petroleum Services, Engineer Babatunde Babalola.

“The arrangement between IPMAN and Star Petroleum is coming at a time the Nigerian government is doing all in its power to make petroleum products available in good quantity to all Nigerians and as such we must play our role positively to enhance the government gesture.

“Though the recent increase in pump price of petroleum products especially PMS otherwise known as Petrol came at a time the nation economy is going through one of its worst moment since nationhood but with the assurance from the President Muhamadu Buhari led Federal Government Nigerians would soon smile.

“IPMAN as a responsible body is doing all in its ability to make supply of the products easier for the reach of all Nigerians through it’s over 2,500 outlets and anything that would make such work is worth its while.

“We are happy to be playing some role in contributing to the storage and supply of the products which is the recent agreement entered into with the leadership of IPMAN, Babalola concluded.

The IPMAN and Star Synergy Petroleum Services agreement takes immediate effect.