Dipo Olowookere
By Dipo Olowookere
One of the leading integrated energy providers in Nigeria, Eterna Plc, has been appointed as one of the distributors of Dangote Petroleum Refinery in Lagos.
Recall that last Friday, Dangote Refinery, owned by Mr Aliko Dangote, officially commenced operations after the facility was commissioned in May 2023 by former President Muhammadu Buhari.
A few days ago, it was reported that seven organisations would distribute products of the $20 billion refinery, which can refine 650,000 barrels of crude oil per day.
On Wednesday, Eterna, in a notice filed with the Nigerian Exchange (NGX) Limited, confirmed that it has been appointed as “an official domestic sales distributor of Dangote Petroleum Refinery products in Nigeria.”
The energy firm, which described this as a “major milestone in the energy industry,” noted that it is a testament to its long-standing reputation for excellence and commitment to customer satisfaction.
Eterna, which manufactures, markets, and distributes lubricants and chemicals and operates a network of filling stations, further said its appointment as one of the major distributors of Dangote Refinery domestic products in the country reinforces its “commitment to improving product supply with the assurance of significant investment in trucking both through truck acquisition and strategic partnership with third-party transportation.”
“We are proud to be appointed as an official distributor of Dangote Refinery domestic sales in Nigeria.
“This partnership with Dangote Refinery is a demonstration of our commitment to providing Nigerians with world-class energy solutions that meet their needs and expectations.
“We are happy that we are keeping to our promise to stakeholders that the company will remain competitive even in the face of fuel subsidy removal,” the chief executive of Eterna, Mr Benjamin Nwaezeigwe, commented.
The organisation said in the statement signed by its Legal Adviser, Mandella Golkus, that it plans to further increase its retail network across the country and actively play across the energy value chain, covering the production, transportation, and distribution of energy solutions vital for economic growth and development.
The company said it hopes to be the first choice for its customers as it seeks to dominate the African energy sector by strategically expanding operations and growing market share.
