Financial Energy Review
The management of Brittania-U Nigeria Limited has said that the company never imported Off-Spec Premium Motor Spirit (PMS) into the country.
A statement from the company said that the management has exonerated the company from the on-going controversy over off-spec PMS in the country.
“The consortium product that arrived and discharged during 4th to 19 January, 2022, through five daughter vessels, were duly certified as meeting NNPC product specifications” the company said.
Brittania- U noted that the company is aware of the publication by the Emadeb/ Hyde/Aymaikifi consortium partners.
“And while we do not want to join issues with these companies, we want to affirm that what they stated does not relate to the issues at hand.
Suffice to state that Brittania-U’s record in the Oil & Gas industry, which covers the entire spectrum of Upstream, Midstream and Downstream, is impeccable.
“It should be noted that our Company was amongst the first 24 indigenous Oil & Gas Companies that started the Petroleum importation business, under the Petroleum Support Fund (PSF) in 2008, which saw Brittania-U importing products for international Oil Companies such as Total Nigeria Plc, Mobil Oil Nigeria Plc , some Independents, and the defunct PPPRA.
“Brittania-U have remained consistent and compliant over the past decade, as we know the laws, rules and regulations, play by them and have not fallen foul of any infraction by the regulatory authorities since we commenced our operation.
“We therefore wish to state categorically “that we never imported off-spec products ”, as claimed in publications making the rounds, as our imported products were all as per NNPC product quality requirements, so to state” the company said.
