What is the role of PBPA in the petroleum industry?
1.Forecast and determine demand and supply of petroleum products;
2.Collect procurement requirements of petroleum products from OMCs;
3.Conduct international competitive bidding for procurement of bulk petroleum products;
4.Report to the Ministry on Agency’s activities on monthly basis or as may be required by the Ministry;
5.Prepare plans and budget to cover its Operations;
6.Conclude and administer contracts with suppliers and between Agency and OMCs;
7.Relay information, in a timely manner, related to petroleum business to the Authority, Ministry responsible for Petroleum affairs, TRA, TPA, TBS, WMA and other relevant parties when requested;
8.Coordinate diligent receipts by OMCs of petroleum products from the delivery vessels;
9.Maintain records of the shipments and performance;
10.Coordinate invoicing and collection of payments for respective shares of petroleum products imported by an OMC;
11.Appoint an inspector to ensure delivery of acceptable quantity and quality of petroleum products;
12.Issue directives and undertake any function that aims at improving efficiency procurement of petroleum products;
13.Liaise with the Authority on issues related to the importation of petroleum products; and
14.Report to the Minister and the Authority on Agency’s activities on a monthly basis or as may be required.