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Leasing and Operating a Tank Farm in Nigeria; The Feasibility Report.

150,000.00

Petroleum products are among the most valuable natural resources abundantly available in our country. Nigerians and people everywhere use petroleum products as a fuel in their automobiles, generating sets, industrial plants and for cooking purposes, thus making petroleum products an essential commodity that is needed for the daily operations of individual, industrial and national activities.

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Product Description

According to a world bank report in 2010 over 50 percent of the world’s population directly or indirectly depends on hydrocarbon and petroleum products for survival.

Petroleum products are among the most valuable natural resources abundantly available in our country. Nigerians and people everywhere use petroleum products as a fuel in their automobiles, generating sets, industrial plants and for cooking purposes, thus making petroleum products an essential commodity that is needed for the daily operations of individual, industrial and national activities.

Nigeria being an oil producing nation however still relies on imported petroleum products for the servicing of the economy. Such petroleum products as Petrol (PMS), Diesel (AGO) and kerosene (DPK) are products utilized by almost everybody on daily basis at an average of 60 million litres daily usage. Due to increasing level of standard of living, more Nigerians are increasing the number of cars on the road, the need for constant power supply to aid uninterrupted production of goods and services and also for domestic use more Nigerians are increasing the demand for fuel in order to enjoy the usage of their generating sets and industrial plants

In line with the recent policy of the Federal Government of Nigeria on deregulation of the downstream oil industry which makes it possible for oil marketers to import and to warehouse Petroleum Products, this report examines the financial viability of leasing a 14, 535,000 litres AGO, 21,704,000 litres PMS and 25,083,687 litres DPK & ATK capacity tank farm located in Lagos, Nigeria.

The tanks are cylinder in shape and constructed with mild steel endo-skeleton and steel sheet exo-skeleton sheet of various sizes. The Jetty construction is made of reinforced concrete and finished with cement screed with pile foundation of about 25 meters deep into the sea. Information gathered is that the draft of the Jetty of the tank farm is 6,000MT and can only take one vessel of 6,000Mt at a time.

The loading gantry has 3 loading islands each with capability of loading and ullaging 3 three trucks of 33,000 litres each. The truck holding bay can accommodate up 50 trucks at once.

Our proposal is to operate the facility on a shared risk basis where we pay them a full throughput fee and they bear maintenance costs.

Table of Contents

EXECUTIVE SUMMARY

1.0    Business Overview

1.1 Description of the Business
1.2 Vision and Mission Statement
1.3 Value Proposition
1.4 Critical Success Factor of the Business
1.5 Current Status of Business
1.6 Description of the Business Industry
1.7 Contribution to Local and National Economy

2. Marketing Plan

2.1 Description of product
2.2 Petroleum Product Sourcing
2.3 The Opportunity
2.4 Pricing Strategy
2.5 Target Market
2.6 Distribution and Delivery Strategy
2.7 Promotional Strategy
2.8 Competition

3. Production Plan

3.1 Description of the Location
3.2 Production Equipment
3.3 Procurement and Import Process
3.3.1 Operational Process
3.4Production Cost
3.5 Stock Control Process
3.6 Pre-Operating activities and expenses
3.6.1 Operating Activities and Expenses
3.7 Project Implementation Schedule

4.0 Organizational and Management Plan

4.1 Ownership of the business
4.2 Profile of the promoters
4.3 Key Management Staff
4.3.2 Management Support Units
4.4 Details of salary schedule

5. Financial Plan

5.1 Financial Assumption
5.2 Start – Up Capital Estimation
5.3 Source of Capital
5.4 Security of Loan
5.5 Loan Repayment Plan
5.6 Profit and Loss account
5.7 Cash Flow analysis
5.8 Viability Analysis

6.0 Business Risks and SWOT Analysis

6.1 Business Risks
6.2 SWOT Analysis

Report Details

Report Type: Pre- Feasibility Report
Formats of Delivery: EXCEL / MS WORD
No. of Pages: Text – 28 Pages /Excel – 6 Pages
Product Code: FORA/09/2016/LEASINGANDOPERATINGATANKFARMINNIGERIA/84529925-0
Publisher: Foraminifera Market Research
Release Date: 10/02/2016; Update Every 3- Months
Language: English
Delivery time: 24– 48hours

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