The Department of Petroleum Resources, (DPR) has disclosed it would take advantage of its current process automation to upgrade operations in the downstream subsector of the petroleum industry.
DPR Director/Chief Executive Officer, Engineer Sarki Auwalu, revealed this in a statement in Abuja, assuring that the upgrade would meet global standards and be driven by its deployment of improved technology.
Auwalu spoke at a virtual meeting with members of the Major Oil Marketers Association of Nigeria (MOMAN) and assured that the DPR is now deploying the right technology to enhance value for operators and investors in the downstream sector.
The CEO explained that the DPR had concluded plans to launch the Downstream Remote Monitoring Systems, DRMS, an inventory and regulatory tool designed to track product levels across retail outlets and depots using the short code: ‘*7117#’ on Thursday, February 11.
He also explained that the introduction of the DRMS would create value for the sector by providing access to data for efficient management of their operations. He added that the DPR had developed a framework around quality, quantity, integrity and safety, QQIS, for petroleum products in response to the current situation of price freedom in the Downstream sector. The DPR chief executive assured that the petroleum industry regulator, as partner in progress, would continue to engage with MOMAN to ensure seamless communication and feedback on its regulatory activities. He lauded the support of MOMAN for the gas expansion program of government and advised the association to ensure their members compliance with the gas add-on directives for their stations as they are the energy bridge of the nation. Also speaking, Chairman of MOMAN, Mr. Tunji Oyebanji, assured the DPR of the readiness of the association to always partner with the petroleum industry regulator for the development and growth of the Downstream sector.