Oil spillage happens a lot by accidents involving tankers, storage facilities, refineries, drilling rigs, pipelines, and barges.
By serving as an intermediary between two vendors in the oil and gas industry, you can earn a commission on every successful transaction executed. It is oil and gas business plan in nigeria online for individuals who have adequate capital and a wide network to venture into.
Do you have the skill and experience? Then you can become a consultant with expertise in the oil and gas industry. Gas Wholesaling and Retailing — You can also setup a gas plant, or a wholesaling point.
Share 20 Shares Are they still oil and gas investment opportunities in Nigeria? Offering the right discounts you have the potential to be the best fuel card program outshining the rest and with that popularity can only grow and the business will become even more lucrative.
Oil Refinery — This one is the most ambitious of them all and the heart beat of the Downstream sector. You will be buying crude oil here in Nigeria, refine and sell locally to millions of dealers and distributors, export to other African countries and even Europe, plus you make millions of dollars from other petroleum by-products.
Refinery requires huge deployment of fund, careful environmental and physical planning and technology. Let me know by leaving a comment below. This is where the business of oil servicing companies comes in. Domestic Kerosene Retailing Just recently, I have started seeing mini fuel stations with just a pumping machine; within some streets in Lagos, Imo and some others states.
The more deals you can close, the easier it will be for you to build a recognised, successful, and reputable oil and gas business. Fuel Importation — This is where all the big men are falling over each other, making untold billions of legitimate and corrupt money.
Everything in Nigeria practically depends on oil. Conclusion The oil and gas business in Nigeria is a Lucrative and profitable venture, due to its vast market demands, oil prices, and a wide supply chain network.
The margins here are a lot higher than selling the petroleum products at the depot to suppliers, and as a result, most petroleum marketers who import petroleum products also own tank farms and petrol stations, so they can maximise their profit margins.
There are a lot of risks involved in this, as well as large revenues, and as such, only highly experienced professionals are encouraged to venture into this business. Or better still, you can retail domestic gas like ethane and butane, etc.
Imported fuel as stated above, are stored in tank farms. One Tanker is enough for you to be in this business and it is very lucrative. Crude Oil Shipping Company: Oil and Gas Consulting Have you being employed in the oil and gas industry for a long time? According to BBC report: I wrote article recently on Diesel Supply Business and based on my finding, it is a mega million naira business.
A look into the sector reveals that there is almost business for everyone, this means that no matter who you are and your financial capacity you can still invest somehow in the Industry and make your own mega buck.
Lack of experience causes sellers to either purchase the wrong specifications, underprice or overprice their products, and much more.
With a large operating capital, you can construct a tank farm for the sole purpose of leasing it out to oil marketers who bring in petroleum products. This business is very capital intensive as a vessel of this scale costs millions of dollars to purchase.
You could broker transactions between a crude oil buyer and seller, Gas Oil AGO buyer and seller, and much more. Do you understand the modus operandi of some specific oil businesses? Anyway, that is the talk of another day.
With a wide network of suppliers and a standard charge per trip, you can start up an oil and gas haulage and logistics service.
At my office complex in Alausa Lagos, you will see Mercedes Benz cars of N80 million, Bentley of N million, Porch cars of N80 million in different shapes models allover the place.
This is one of the most basic oil and gas businesses to venture into. Oil Investors occupying some of the offices in the same complex! Oil And Gas Magazine: Petroleum Products Procurement And Supplies: Step By Step Guide 1.
The large pool of fraudsters posing as oil and gas sellers makes it difficult for buyers to trust you.Federal Government on Tuesday dismissed report on the planned sales of Nigerian Liquefied Natural Gas Limited (NLNG) located in Bonny Island.
Ibe Kachikwu, minister of state for petroleum resources, disclosed this in Abuja, at the ongoing investigative public hearing held at the instance of House Committee on Gas Resources chaired by Frederick Agbedi.
Oil & Gas Industry in Nigeria Major Marketers Minor / Micro Marketers Retail Marketers Market analysis Emerging opportunities Documents Similar To Business Plan Template for a Oil & Gas Company.
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Here are 35+ lucrative oil and gas business ideas and opportunities in Nigeria, Africa, and worldwide. OIL AND GAS BUSINESS PLAN IN NIGERIA Oil And Gas Business Plan In Nigeria This sample oil and gas business plan in Nigeria can be used for business grant applications, for bank loan applications, for writing business proposals, for writing business concept notes, for business grant competitions, start - up.
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Are you interested in doing business in the petroleum sector but you don’t know how to go about it? 4. The Ontario Oil, Gas and Salt Resources Trust (Trust) Business Plan was prepared to fulfill the mandate of the “Trust Agreement” between the Province of Ontario and the Ontario Oil, Gas and Salt Resources Corporation, an entity established by the Ontario Petroleum Institute (OPI).Download