A renowned oil and gas industry investment organisation, Matrix Energy Group has described as false and misleading, the assertion published by a section of the media that it discharged 200,000 metric tons of PMS into its facility in July 2004.
A statement from the Group, signed by Ibrahim Akinola of its Corporate Communications Unit, stated: “We did not discharge 200,000 metric tons of PMS into our facility in July 2024,’ adding that the organisation has never imported or distributed any substandard cargo in its two decades of operation.
While saying that it recognizes the mandate and authority of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) as the sole regulatory body empowered by the Petroleum Industry Act (PIA) to issue import licenses and enforce the product specifications of the Standards Organization of Nigeria (SON), the Group said it has consistently imported products that meet the approved specifications.
“We have never been found wanting in this regard,” it stated, and assured that the commitment of the Matrix Energy Group to global best practices and quality is reflected in the fact that none of its customers have ever rejected its products.
“Our quality test has never been doubted by the regulators and Nigerians who have found a partner in us.”
“Indeed, demand for Matrix products often exceeds our capacity to supply, a testament to our reputation for reliability,” the Group stated, adding that this success also holds true for the fertilizer businesses of the Matrix Group.
Our company is recognized and approved by global international companies, national oil companies, major construction firms, and various end-users,” it said, and added that the consistent ability of the Matrix Energy Group to deliver on all contracts at competitive prices has solidified its strong position in the industry.
According to the statement, 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 (FCT).
While saying that its depots boast a storage capacity of 150 million liters of liquid products, including LPG and bitumen, the company noted that it has the capacity and customer base to handle 200,000 metric tones.
It recalled that the Nigerian National Petroleum Corporation Limited (NNPCL) recently introduced its Utapate crude oil blend from OML 13, and noted that NNPC traditionally tenders its free crude cargoes, and any company that wins the tender is operating within the law.
The Group therefore pointed out that Matrix Energy, like other companies also won the tenders, adding that “as a people oriented company that operates above board and in line with international best practices, we welcome constructive criticisms.”
Discussing the pedigree of the Chief Executive Officer of the Group, the statement said: “Our CEO, Abdulkabir Adisa Aliu, is a talented and dedicated Nigerian with the right to associate freely as well as trade freely in any part of the world.”
Reinforcing the points scored by the Chief Executive Officer of Matrix Energy Group in his presentation before the Nigerian Senate, the organization said in the statement: “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 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. His selection by Mr. President to serve as a member of the Economic Coordination Council is 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.
