A.-Z Petroleum, a key player in the downstream oil and gas industry, has reiterated its commitment to rid the country of counterfeited petroleum products and fake lubricants being brought into the market by unscrupulous traders.
Disclosing this at the just concluded Oil Trading and Logistics Expo, Executive Director, Corporate Services, Chicason Group (the parent company), Mr. Dikanna Okafor, said the issue of counterfeited petroleum product particularly lubricants will take its toll on the economy if a synergy is not put in place to checkmate the menace.
He noted that the Nigerian downstream sector is looking very positive and hope that these issues will be addressed to create room for more manufacturing in the country.
“We constantly seek opportunities to reiterate our commitment in the industry and this is one event we are excited to have being part of.
“Every developed country is driven by industrialization and one thing common in industrialization is machineries that need lubricants to function effectively.
As an economy grows, more cars will be on the roads and this would mean increased use of petroleum products which A-Z has ensured with its production of high quality lubricants and greases.
“Also, the minimal involvement of the Government in the downstream sector has led to efficiency and improved service delivery to customers”.
He also educated customers on some measures it has taken to eradicate fake products like the tamper proof which prevents adulterating of A-Z products