Refined Petroleum products are compulsory requirements in the country as at today as they are the main sources of energy that are used to generate power which is the driver and mainstay of any economy in the world as at today. It has always been seen that third world nations are looked down as the poorest of nations but a funny thing is that thee are still the same nations where trade thrives best. For instance most of the refined oil from the Americas, Europe and Asia all have their final destinations and biggest markets in WAF region (West Africa) the volumes of refined oil which are destined for the sub-Saharan region is alarming so there is no reasonable doubt that a lot of money is generated from this region.
The epileptic nature of our refineries is one of the tools that has made this trade thrive well in Nigeria and subsequently made the downstream sector a hub of activities in the country. This is what has emanated and resulted into the construction of various tank farms and the economic boom in the retail end the only way that these refined oil reach the final consumers is through the retail outlets or what is known to the layman as the filling stations.
Refined petroleum products trading is a good profitable venture but however capital intensive and can only be achieved by either wealthy individuals, good investors, or those that have access to bank facilities. There are however, some certain individuals that are into trading and are in need for linkmen who would help them source for products, carry out loading operations on their behalf and ensure that they can be getting steady supply of refined oil from load ports or depots or terminals to either upcountry, or other areas in the eastern and western parts of the country.
The agent need to understand the different specifications of refined petroleum products that are traded, how to source them, execute loading operations , monitor them until they reach the named discharge port In this scenario the agent needs not to spend a kobo but will have his commission inbuilt into the cost price.
In this material other countries specifications, nitty gritty of loading operations and possible contacts on the whole detailed procedure of how to becoming an gent in local supplies to companies, individuals and filling stations in some parts of the country you are familiar with and how to make yourself competitive enough Products that will be examined will include
i. Petrol (Premium Motor Spirit)
ii. Diesel (Automotive Gas Oil)
iii. Kerosene (Dual Purpose Kerosene)
The business can generate at least N16,500.00 (N0.50K) for a standard truck which is 33,000 ltrs and could be mor.
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At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for start-ups and those already in business.
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 the investment opportunities in the downstream sector of the oil and gas industry in Nigeria or offering brokerage services in the oil and gas industry in Nigeria by clicking on the link below.
Report Tile: FEASIBILITY REPORT ON DOWNSTREAM OIL BUSINESS NIGERIA.
Report Code: FORA/2013/300/1082/84637
Report Tile: FEASIBILITY REPORT ON BROKERAGE SERVICES IN THE DOWNSTREAM OIL AND GAS SECTOR IN NIGERIA.
Report Code: FORA/2013/300/1082/73524
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