To attain a Strong, Vibrant Downstream sub-sector of the Petroleum Industry, where refining, supply, and distribution of petroleum products are self-financing and sustaining.
The Government on the 14th August 2000 set up a 34 member Special Committee on the Review of Petroleum Products Supply and Distribution (SCRPPSD) drawn from various stakeholders and other interest groups to look into the problems of the downstream petroleum sector.
Prior to the setting up of the Committee, the downstream sector was characterized by the following problems:
Scarcity of petroleum products leading to long queues at the service stations.
Low capacity utilization and refining activities at the nation’s refineries (poor state of the refineries).
Rampant fire accidents as a result of mishandling of products- products adulteration.
Pipelines vandalization.
Large scale smuggling due to unfavorable economic products borders’ prices with the neighboring countries.
Low investment opportunities in the sector.
Plot 1012 Cadastral Zone A00
Central Business District
P.M.B. 609 Garki, Abuja