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By Adewale Sanyaolu
The Executive Secretary , Major Oil Marketers Association of Nigeria (MOMAN), Mr. Clement Isong, has called on the players in the downstream sector to embrace automation as part of efforts to ensure transparency and eliminate fraud and tackle corruption in the troubled sector
Isong stated this at a virtual workshop for energy editors and reporters in commemoration of the World International Data Day in Lagos at the weekend.
The MOMAN boss who spoke on the importance of data and automation in the downstream business added that automation will ensure transparency and boost excellent customer service, eliminate fraud and corruption, and clean up the reputation of the industry.
He urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to invest in infrastructure for data gathering.
“Our position in MOMAN is that we are looking for the automation of the entire supply chain. It will mean everybody needs to invest in order to optimise their businesses.
Eventually, the beneficiary is the customer. It is good for corporate governance. It removes people’s ability to steal. And the authority (NMDPRA) itself has got to invest in infrastructure for data gathering and has got to do a preliminary analysis of that data which must be hoisted on its website which investors, marketers operators, and everybody can access.”
On that basis, optimise the business and make investment decisions. It is fundamental for a deregulated system. It improves the quality of decision-making as well as transparency and eliminates bad behaviour as well as fraud and theft.” You have to shine your light, and darkness and bad practices will disappear.”
He noted that Data on product (refined fuels & lubricants) demand can streamline operations, improve product delivery, storage utilization, and bottom line.
According to him, automation guarantees track inventory levels, monitoring logistic routes, and analyzing customer demand (daily demand forecasts) in order to prevent stockout
“By collecting and analyzing data on production, refining, distribution, and sales, companies can identify inefficiencies, reduce costs, eliminate leakages, and improve overall performance”
Lead Political analyst, Ikponmwosa Aikhionbare said: “Ghana launched the Bulk Road Vehicle Tracking System (BRVTS) to track the movement of petroleum products from depots to retail outlets in Ghana. The system uses GPS technology to monitor the location, speed, and fuel consumption of trucks transporting petroleum products.
“In India, the government has implemented a system called the Automated System for Oil Movement and Storage (ASOMS), which tracks the movement of petroleum products through the supply chain. The system uses data analysis to monitor product quality and identify potential issues before they cause defects or safety hazards.”
