Oil marketers running at loss, forex affecting business, says stakeholder

📆 02/06/2022 07:30 a. m.
📰 MobilePunch

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Amidst the recurring crisis in the downstream petroleum sector, the Managing Director and Chief Executive Officer of 11 Plc and former Chairman of the Major Oil Marketers Association of Nigeria, Tunji Oyebanji, in an interview with OPEOLUWANI AKINTAYO, opens up on the many challenges faced by marketers, as well as issues of deregulation, cross-border smuggling of petroleum products to neighbouring countries, among others.

Being at helms of the affairs at former Mobil Oil, now 11 Plc, can you describe how the journey has been so far?

As it turned out, I had served as chairman of the company at Mobil Nigeria Plc. When the new owners came over, of course, the new core investor became the chairman of the company but was gracious to me to continue as the MD/CEO of the company. And that has been since 2017 till now. It has been a very interesting journey, and a lot has happened to the company since that time.

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We want you to invest more on gas which is common to masses

Pls scrap forex

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