The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) will on Wednesday, January 8, 2024, sign Sales Purchase Agreements (SPAs) with some refineries.

The association made this known in its notice to the concerned parties yesterday.

PETROAN stated that the parties would sign the pact in Port Harcourt, Rivers State.

The notice reads in part: “Notice of Signing of Agreements Between PETROAN and some Refineries

“This is to inform you that PETROAN will be signing a Sales Purchase Agreement (SPA) with ALLEGIANCE ENERGY AND POWER LTD, a Refined Petroleum Products Offtake and Sales Agreement with CLARIDGE PETROLEUM COMPANY LTD and a Sales Purchase Agreement (SPA) with OASIS PETROCHEMICAL PRODUCTS LTD respectively.

“Members are encouraged to make themselves available for this eventful meeting and get first-hand information on the partnership modalities between PETROAN and these companies.

"We look forward to having you at the meeting.”