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Oil Marketers and FG Reach Agreement, Strike Action Over

Photo - Vanguard

The fuel crisis that had tipped the country to the verge of shutting down may finally be over as the federal government and oil marketers reach an agreement over payment of owed monies and resumption of supply of products within the next six hours.

The meeting was brokered by the Senate committee on Petroleum, by the end of which Obafemi Olawore, chairman of Major Oil Marketers Association of Nigeria, MOMAN, made up of Oando, Conoil, Forte Oil, MRS, Total and Mobil Oil, said they had agreed to immediately begin supply of fuel.

This website learnt that part of the agreement would see the government verify and pay genuine marketers who are owed outstanding money as part of government’s subsidy programme.

The meeting, which had the minister of finance, Ngozi Okonjo-Iweala, representing the government, ended with a directive to the Department of Petroleum Resources, DPR, to revoke the license of any oil marketer that does not comply with the agreement.

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