Matrix Energy Group has described a media report wherein the company was accused of engaging in importation of substandard petroleum products as untrue.
The oil marketing and trading company also clarified and asserted that its petroleum products have consistently met approved specifications.
The company had done this in reaction to the story published by an online news outlet alleging that Matrix Energy is one of the biggest fuel importers via Malta, a tiny European country.
Recall that the Chairman of Dangote Industries Limited, Alhaji Aliko Dangote, had alleged that some officials of the Nigerian National Petroleum Company Limited, oil traders and terminals have established a blending plant in Malta which was however denied by the Chief Executive Officer of the NNPCL, Mr. Mele Kyari
Team@orientactualmags.com learned that Matrix Energy Group in a statement issued by its Head ,Corporate Communications, Ibrahim Akinola, on Saturday, clarified that the company did not discharge 200,000 metric tons of PMS into its facility in July 2024, as claimed in the media report in question while also asserting that the company has never imported or distributed any substandard cargo since coming into being 2 decades ago.
‘Our attention has been drawn to a recent online publication wherein our name was featured. We would have loved to ignore the tissue of lies spewed out in the publication but the need to set the record straight and facts from sensation behoves us to address the matter, as well as the need to protect and uphold the integrity of the brand and reputation we have meticulously built over the past 20 years.
Matrix Energy Group is a wholly indigenous and independent oil marketing and trading company, with substantial investments in strategic infrastructure, including vessels, oil and gas terminals, trucks, and retail outlets across 28 states, including the Federal Capital Territory.
We have consistently imported products that meet the approved specifications, and we have never been found wanting. Our commitment to quality is reflected in the fact that none of our customers have ever rejected our products; indeed, demand for Matrix products often exceeds our capacity to supply, a testament to our reputation for reliability’ the company said.
The statement added that the company has followed laid down procedures issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in importing fuel products and has never been found wanting while noting that the recently introduced Utapate crude oil blend from OML 13 was obtained through a bidding process and any company that wins the tender is operating within the law.
‘The Nigerian Midstream and Downstream Petroleum Regulatory Authority is the sole regulatory body empowered by the Petroleum Industry Act to issue import licenses and enforce the Standards Organization of Nigeria product specifications.
Contrary to the claims made in the aforementioned publication, we did not discharge 200,000 metric tons of PMS into our facility in July 2024. While we have the capacity and customer base to handle such volumes, Matrix Energy has never imported or distributed any substandard cargo in our two decades of operation. Our quality test has never been doubted by the regulators and Nigerians who have found a partner in us.
It is important to note that the Nigerian National Petroleum Corporation Limited recently introduced its Utapate crude oil blend from OML 13. NNPC traditionally tenders its free crude cargoes, and any company that wins the tender is operating within the law. Matrix Energy like other companies also won the tenders’ the company submitted while asserting that its Chief Executive Officer, Mr Abdulkabir Adisa, has never engaged in wrongdoing.
‘He is a talented and dedicated Nigerian with the right to associate freely as well as trade freely in any part of the world. As he stated in his presentation before the Nigerian Senate, we are not aware that Nigerian companies have been banned from bringing in legitimate and standard products from outside the country and until such is done, we will continue to serve the public with the best quality products.
Those who know our CEO understand that he is far from lazy; rather, he is deeply committed to making a positive impact.
Mr President choosing him to serve as a member of the Economic Coordination Council was a recognition of his dedication to shared values and his commitment to the betterment of Nigeria in the Renewed Hope Agenda, for which he remains deeply grateful.
Matrix Energy Group remains steadfast in our commitment to supporting Nigeria by ensuring the availability of petroleum products at competitive prices, in alignment with Mr. President’s vision for the country’ Akinola added–Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
