Evaluation of Private Refineries and Depots in Distribution of Petroleum Products in Nigeria

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Author(s) O.C. Alaba | S.A. Agbalajobi
Pages 118-126
Volume 4
Issue 2
Date February, 2014
Keywords Petroleum distribution, petroleum products, private depots, private refinery

Abstract

The study evaluates the performance of private refineries and depots in distribution of petroleum products in Nigeria. Ninety (90) questionnaires were randomly distributed to the selected five major and ten independent privates’ depots while sixty (60) questionnaires were distributed to the public within Lagos metropolis. The data collected were tabulated and analyzed by using statistical graphs and charts. The results show that 90% of the public make use of petroleum products in their daily activities while 77% of the respondents agreed that the establishment of private refineries and depots have improved distribution of petroleum products across the country. 70% of petroleum products used in Nigeria was imported into the country due to low performance of local refineries while 85% of the respondents rejected total deregulation of downstream sector without putting the local refineries in good condition. 75% of the respondents rated the performance of private depots above average while 65% demand for more in order to ensure steady supply and distribution of petroleum products to the teaming population of Nigeria.

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