By Modupe Gbadeyanka
Managing Director of Asharami Synergy Plc, Mrs Moroti Adedoyin-Adeyinka, has said the emerging ‘downstream of the future’ will require a change in operating business model to accommodate a more integrated downstream value chain, service differentiation through technology and shift to importing cleaner fuel.
Mrs Adedoyin-Adeyinka made this disclosure while speaking ahead of the OTL Africa Downstream Conference held in Lagos from October 29 to 31, 2018.
According to her, the sector’s future would require increased Investments in Downstream Infrastructure, Regional and Pan-African Expansion Opportunities and Increased Integration along the Downstream Value Chain.
Asharami Synergy Plc, a Sahara Group Company, was one of the frontline participants at the OTL conference where the organization facilitated conversations that bolstered the downstream sector with practical solutions.
Mrs Adedoyin-Adeyinka joined other leading sector experts to deliver a keynote address on ‘Takeovers and Markets: The changing roles of Independents and Majors in downstream petroleum’ at the conference.
“There is a strong prospect for growth in Africa’s downstream sector that will be driven by the emergence of ‘New Majors’ like Asharami Synergy. We are passionate about transforming the sector and believe the OTL platform will throw up key issues all stakeholders need to address as we align with regional and global trends in the sector,” the Asharami CEO noted.
According to Mrs Adedoyin-Adeyinka, Asharami Synergy Plc was formed as a result of the consolidation of Sahara Group’s downstream entities and has through the integration of its business divisions enhanced its position as a leading vertically integrated downstream business with vast experience in delivering fuelling solutions across Sub-Saharan Africa.
“It’s a new dawn for the downstream sector and Asharami Synergy remains committed to spearheading and supporting thought leadership platforms on the continent to enhance stakeholder capacity for leveraging downstream growth opportunities and negotiating industry challenges.”
During the confab, Asharami engaged various stakeholders at the OTL exhibition to discuss its suite of specialized services, including Product Importation, Vessel Chartering, and Product Sourcing on behalf of Third-Party Clients.
Other services included construction and bulk storage of Premium Motor Spirit (PMS), Aviation Turbine Kerosene (ATK) and Automotive Gas Oil (AGO) as well as marketing and distribution of bulk, retail, industrial, commercial and door-to-door white product sales and lubricant sales.
Asharami currently supplies 27% of Nigeria’s aviation fuel demand and supplies a significant share of Nigeria’s Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) requirements.
more recommended stories
I&E Records $200m Turnover Monday as Panic Persists
**Naira Trades 360.50/$ at I&E FX.
Nigeria Must Act Fast to Avert Serious Food Disaster—ICC Nigeria
The need for federal government of.
SEC Lied, Never Gave us Fair Hearing—Oando Insists
By Dipo Olowookere Embattled Nigerian energy.
T-Bills Yields Jump 0.11% on Sell Pressure
By Dipo Olowookere The secondary market.
Equities Post 0.37% Loss Despite Rise in Trades
By Dipo Olowookere The nation’s bourse.
Nigeria’s Inflation Rises to 11.40% in May as Food Index Jumps to 13.79%
By Modupe Gbadeyanka The National Bureau.
Edo Moves to Boost Tax Compliance
The Edo State Governor, Mr. Godwin.
N2.20 Dividend Payment Excites VFD Group Shareholders
VFD Group Plc has approved N251.5.