Oil and Gas Trading
Oil & Gas Trading represents the products trading arm of the company. Its activities cover trading of refined and crude to refiners and other trading companies locally and internationally.
Target Market
The target market would be the oil majors (i.e. Total, Mobil, Oando, Forte Oil, MRS, Conoil etc), as well as the dominant independent oil marketing companies. These include but not limited to Sahara, Nipco, Yinka Folawiyo, etc. The E & P companies (Shell Petroleum, Addax, Exxon Mobil, Centrica Energy, Total Upstream, Pan Ocean etc.) and the National Oil company would also serve as a viable target market.
These companies have the capacity to consume over 70,000MT of various petroleum products on a monthly basis and we would leverage on this opportunity to get contracts and local purchase orders and equally secure the requisite financing for the trade.
Retail Trading
We will work with reputable tank farm owners to secure throughput agreements for the storage and sale of products purchased. The retail business accounts for about 60% of the nation’s daily consumption. However the margins are thin and this makes it important to bring in products at competitive prices to reduce operations costs and minimize losses.
We plan to explore buying over existing service stations and possibly down trodden downstream companies in the medium term in order to reduce operational costs and have a firm grip on this market.