Oando States Position on Fuel Importation
Posted on March 6, 2008 – 11:19 am | by oilandgaspress.com
Oando imported a cargo of 33, 000 metric tons of gasoline (petrol) from Gunvor International B.V Amsterdam on the 9th of January 2008. The said cargo arrived Nigeria on the 14th of February 2008.
The product was subjected to Nigeria’s routine tests in line with industry specifications and standards upon arrival and the test results showed that the product was in accordance with the laid down specification. Sometime thereafter however, there where complaints from some receivers about the product’s effect on cars further to which we undertook further tests.
These tests revealed nothing wrong with the specification but revealed the presence of an unspecified substance. We made further enquiries from the Gunvor, who informed us that there was a high level of ethanol in the product. We requested load port samples to be retested and the retest confirmed this information on the 29th of February 2008.
The issue of high ethanol content was willfully concealed from us by the supplier. Not being a material that forms part of the specification of Nigerian grade gasoline we do not test for ethanol content and there was no indication in the original certificate of quality issued at load port of its presence.
Immediately upon receiving this information, we set every available machinery in motion to mop up the product from circulation and stopped further sale of same to consumers.
We have however used our best endeavours to contain the situation and we are currently working with other marketers and Department of Petroleum Resources to effectively evacuate the quarantined product to ensure that none of the product remains within the system.
Oando is as much a victim of this unfortunate incident, as many other Nigerians who have been adversely affected by this occurrence. We have, accordingly, commenced necessary legal action with a view to ensuring that the suppliers of the product assume full responsibility and bear liability for damages caused to vehicles as a result of use of the product.
We affirm our commitment to delivering quality products to all our esteemed customers and we can confirm that appropriate mechanisms have been put in place to forestall any future occurrence of this nature.
For more information please contact:
Tokunboh Durosaro
Head, Corporate Communications
Oando Plc
Stallion House, 2 Ajose Adeogun Street
Victorial Island, Lagos
Phone: 01 2625857
Email: tdurosaro@oandoplc.com
www.oandoplc.com
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Tags: Fuel, Importation, oando, Position
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