The face-off between oil marketers and the Federal Government came to an end on Monday as the marketers resolved to immediately mobilize to ensure restoration of normal supply of petroleum products throughout the country "in six hours". This was sequel to a meeting between the Senate Committee on Petroleum (Upstream and downstream) headed by Senator Magnus Abe and Major Oil Marketers Association of Nigeria (MOWAN) with the Minister of Finance, Ngozi Okonjo-Iweala; Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Joseph Dawha and major stakeholders in the oil and gas sector.

Speaking after the meeting, Chairman of MOMAN, Obafemi Olawore, said its members, consisting Oando, Conoil, Forte Oil, MRS, Total and Mobil Oil agreed to commence lifting and distribution of fuel immediately from the stock supplied by the Nigerian National Petroleum Corporation (NNPC).

Meanwhile, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have suspended their industrial actions.

Details later...