Some oil marketing and trading (OM&T) companies that received import allocations for the first quarter of 2013 have started bringing in their cargoes of premium motor spirit (PMS). This development, which is coming amid increasing concern over the refusal of banks to give loans to some of the importers, however, has the potential to end the fuel supply shock experienced in the last couple of months.
The Petroleum Products Pricing Regulatory Agency (PPPRA) actually issued the allocations to the marketers in 2012 and not the beginning of 2013. The 32 participating companies are Nigerian National Petroleum Corporation (NNPC), Aiteo Energy, Ascon Oil, Avidor Oil and Gas, A-Z Petroleum, Bovas, Conoil Plc, Dee Jones Petroleum and Gas, Dozzy Oil and Gas, Folawiyo Energy, Fresh Synergy Ltd and Forte Oil Plc.
Others are: First Deepwater Discovery Ltd, Gulf Treasure Ltd, Heyden Petroleum, Ibafon Oil Ltd, Integrated Oil and Gas Industries, IPMAN Refining and Marketing Ltd, Mobil Oil Plc, MRS Oil & Gas Ltd, MRS Oil Nig. Plc, NIPCO Plc, Northwest Petroleum & Gas Ltd, Oando Plc, Obat Petroleum Ltd, RainOil Ltd, Rahamaniyya Oil Gas and Sahara Energy Ltd.
The list also includes Shorelink Oil Ltd, Swift Oil Ltd, Techno Oil Ltd and Total Nigeria Plc.