As at today it is known that anything that is utilized by most of the population is a money spinner food items like petroleum products are no exception As at today the world is a global village with it highly dependent on petroleum products .
The secret today of any sector of the nation’s economy can only be successful with power generation which in turn creates employment and economic sustainability coupled localization of industries in many states of the country the demand for low pour fuel is increasing in leaps and bounds a lot of industries in the time past could not produce due to them not being able to access this important product and could not revert to the use of gas which is highly capital intensive.
As at today the consumption rate in Nigeria for refined low pour fuel Oil is over twenty million liters (20,000,000 litres).
LPFO: Low Pour Fuel Oil (Black Oil)
Popularly known in Nigeria as, Low Pour Fuel Oil {LPFO}, Low Pour Fuel Oil is one of the products in the fractional distillation of crude oil. Fuel Oil is used run broilers in many industries especially textile and cement manufacturing industries.
Low pour fuel oil is a dark viscous liquid and may have other varying colours such as dark brown known locally as fire for fire to the greenish appearance as produced at Kaduna refinery. Whatever the specification, demand is more than unbelievable and depending on the preference of your customer that is why it is very important for you to get a sample to show your intending buyer.
The different grades of fuel oil depend on their volatility and degree which they burn and volatility. Low pour fuel oil is also exported in mass volumes from our refineries and due to the good grade produced demand for it by most European and American refiners is on the increase with the specs we have an exporter can make a margin of USD 1mn on a 60,000 mt cargo.
The growth and development of any community/nation/country is dependent on power. Self development sustenance and empowerment are all determined by power. A nation can only develop with power. However, the case is different in Nigeria as power is either epileptic or non-existent. This is what has caused many industries (which include: small, medium and large scale) to migrate to neighboring countries where they would be able to thrive well.
Hence the only solution is for companies to create their own source of energy production in order to keep in business. A lot of individuals have capitalized in this area and made so much money in this regards, making a good livelihood and Sustenance area for themselves
The return on investment on the trading of low pour fuel oil ranges from 30% – 50% per transaction.
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Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies.
You can order our detailed feasibility report on refined petroleum products trading to local industries in Nigeria by clicking on the link below.
Report Title: A FEASIBILITY REPORT ON THE SUPPLY OF LOW POUR FUEL OIL {LPFO} TO LOCAL INDUSTRIES AND FACTORIES IN NIGERIA.
Report Code: FORA/2013/025
Do you require one- on- one consultancy on the subject matter? Contact us with any of the details provided below to arrange a meeting
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