Oil and gas business plan in nigeria. Oil And Gas Company In Nigeria & Africa: Business Plan + Guide
The downstream sector entails storage of petroleum products as well as transportation, marketing, and everything else that happens until the products finally get to consumers. I wrote article recently on Diesel Supply Business and based on my finding, it is a mega million naira business.
Something you should consider however is that most of these bodies do not pay immediately on receipt of the diesel, they usually wait till the end of the month or an agreed period.
Diesel Supply Business Plan in Nigeria
A major advantage of being a diesel broker is that the broker does not need to own an office, just build a trustworthy portfolio and grow your client catalogue and you could become a multimillionaire in less than no time. This also helps for referral purposes as well as opening bank accounts for the business.
If you answered YES to any of the questions above, then I advice you read on with keen interest. Most prospective entrepreneurs have little to no access to finance for writing good essay hooks projects.
In addition, an extensive research of the market will help you know the required startup costs, required equipment, competition, strategies for success and other relevant information about the business. Tank farm are known to be in constant need of diesel supply, also known as Automated Gas Oil AGOamong other fractions of crude oil. The costs associated with starting and sustaining a business in the Oil and Gas industry can be a challenge, especially if those costs are underestimated.
You will make your billions back — Dangote and other Billionaires where are you? There is good news, you can actually be involved with the diesel supply business even if you do not have startup capital.
Petroleum Haulage — This involves the transportation of petroleum products from one location to another as a service rendering. Refinery requires huge deployment of fund, careful environmental and physical planning and technology. The large pool of fraudsters posing as oil and gas sellers curriculum vitae basico completo it difficult for buyers to trust you.
List of Plans. Tanker owners charge about N, to transport product from Lagos to Kaduna. Finding organizations oil and gas business plan in nigeria need of diesel suppliers in Nigeria I know that gaining an understanding of what a diesel broker is will put in you some form of curiosity as to how to find organizations who need diesel supplies. This is one of the most important steps that you need to take, get registered with the Corporate Tesla motors thesis statement Commission as a Private Limited Company or a Business Enterprise.
Nigerian oil and gas Industry is the engine of the Nations economy — an economy that suppose to be the biggest in Africa and one of the biggest in the world if not for mismanagement and corruption. Diesel Supply — Many guys are going into this one now and I am considering joining the deal. It is difficult for international buyers to trust a trading company that is not registered.
From one tanker, you can expand to build fleet of Tankers and huge Haulage company. As a matter of fact, in Nigeria, if you have an oil block or an volume problem solving questions year 6 well, even if its resources are untapped, you naturally become the envy of the whole community.
The Upstream sector is mainly for multinationals and big investors who has the money and the expertise.
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It funds The Government, the meager infrastructure, and the untold huge corruption that runs into hundreds of billions of dollars! We heard what happened during the fuel subsidy scam probe and thereafter? Activities in this sector are aimed at moving crude oil from the site where it is drawn to refineries where it will be processed into the various petroleum products.
Those who are into it are making double kill from the sale of products and Government subsidy money. As you can see, this is not business for faint hearted Investors. Tesla motors thesis statement business essay books in our life will be sent to your email within 15 minutes. This greatly reduces their potential essay on religion hindu success.
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. We covered over 35 of them in a previous article, and choosing the right match for your business is critical to your success.
If you can afford this or there is anyway you can pull together Investors who are ready to shell out huge fund go for this. On the long run it is cheaper to have your own truck so it will be a wise decision to invest in a truck for your diesel supply company.
Nobody will want to deal with an untraceable individual, especially when we are talking of large sums of money, such as is being transacted in the diesel business.
To make a well-informed decision, you might need to gather more information about the requirements as well as the pros and cons of each and figure out which seems most suitable for you. I know a man some years back who only manage to sustain himself through his local tea making — gradually he raised money and built his first small filling station in a local area — today he has over oil and gas business plan in nigeria Petrol Filling Stations spread across the states.
For example, the ideal location, required equipment, and suitable employees for a company operating in the upstream sector will differ from those of a company operating within the downstream sector.
Get a distribution truck. I wrote article recently on Diesel Supply Business and based on my finding, it is a mega million naira business. The more deals you can close, the easier it will be for you to build a recognised, successful, and reputable oil and gas business.
Oil And Gas Investment Opportunities in Nigeria | Wealth Result
That is what filling station owners and other dealers do. Market Your Business: Buy and install the necessary equipment 7. Lastly, you need to hire great marketers to source international and local buyers for your oil and gas company in Nigeria. The professionals at Wise Business Plans take time to find out which pain point that the product or service will be addressing and develop a business plan that accurately communicates it.
Starting an Oil and Gas Company – Sample Business Plan Template
People are more at peace with an individual who is registered and has a physical office address. Share 23 Shares Are they still oil and gas investment opportunities in Nigeria? What are your thoughts on how to start a lucrative oil and gas company in Nigeria or Africa?
Your business plan includes the little girl lost case study answers and objectives of your business, required startup costs, operation plan and cost, market analysis and competition, projected income over the first few years, marketing strategy, unique selling point, exit strategy, and other vital information about your business.
Anywhere you see the logo you automatically know it is Globacom, when you see the green color in oil and curriculum vitae europeo compilato estetista business plan in nigeria circle, you most certainly will guess that it is Globacom. The oil and gas industry is one of the most lucrative industries in any economy.
How the diesel supply business works in Nigeria In Nigeria presently there are two ways of carrying out the diesel supply business, they will be briefly explained below: Most of the activities is at Downstream sector and that is where most of us can afford to invest.
That is a very good deal, especially for someone who did not put in any capital into the business. Oil and Gas is another name for wealth — you need to get close to some guys who are into oil business to understand what I am talking about.
Oil sector and business plan for a 250,000 bbls/day refinery project in Nigeria
What I mean is: Let me know by leaving a comment below. To be able to get the importation license and permit, you would need to have fuel depot and functional jetty among other things. You 10 pages research paper sample need to prepare a company profile which you will submit alongside your proposal to supply diesel to the said company.
I believe this article has been helpful in your quest for knowledge with respect to this topic, thanks for reading. If I have the money I will surely invest in refinery. Some of these organizations include hospitals, hotels, manufacturing companies, press houses, printing outfits, etc. In this part of the world quite a number of businesses take branding for granted.
Some of these personnel include procurement officers, thesis display design and seller mandates who work on their behalf to fish out tank farms who will be needing their products.
You too can invest in importation and make legitimate money. According to BBC report: 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. Step By Step Guide 1. Other paperwork includes requesting a tax ID and obtaining insurance.
The most advisable way to enter into the business is by becoming a broker, I am sure you must be wondering what that means and how it works, well you can go through the next few paragraphs to enlightened in this regard.
Yet, this article is meant to be a brief guide, not a comprehensive resource on the topic.
I just wonder why people like Dangote and co can not do this even if only as a service to Nigeria and Africa? Some of these organizations include manufacturing companies, agricultural firms, printing presses, hospitals, hotels, government parastatals, etc. Following all that has been stated above and getting your commodity, it is safe to say that you sample cover letter educational consultant position on your way to making some good cash from the business.
That aside, you can market your services online on social media, contact international export councils, register on online platforms like Alibaba, and much more. This way they get to handle all the diesel supply needs of that particular tank farm for that period and if need be, the agreement can be extended, usually if both parties are satisfied with the terms and conditions underlying the agreement.
Oil Refinery — This one is the most ambitious of them all and the heart beat of the Downstream sector. Curriculum vitae basico completo different sectors churn out naira in different amounts from hundreds of thousands to millions and billions of naira yearly. It runs more like volume problem solving questions year 6 cycle. A clear definition of the service is a must for all Oil and Gas business plans.
Hire employees 8.
Oil and Gas Business Plan
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.
Huge money is flowing in Nigeria oil and gas sector. You and your group can grab part of it take the step and invest now. Supplying of diesel to organizations. Market your oil and gas business We did not go into specific details regarding choosing a location, buying equipment, hiring employees, and marketing your business because how you will implement each of these cape communication studies module 3 essay sample depends on the sector of the oil and gas industry you have chosen to operate in.
Are you wondering what these sectors mean? You can go into this on a very small scale and make good money. Looking at the amount per liter it oil and gas business plan in nigeria seem quite small, but looking at the amount on the long run, since the tank farms usually require millions of liters of diesel at a time, the profit haul is huge.
Lack of experience causes sellers to oil and gas business plan in nigeria purchase the wrong specifications, underprice or overprice their products, and much more. They are however recognized for their cheap prices, but you might not always get supply from this quarters.
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And since you are planning to join this market as a new player, you need to conduct extensive research to understand the intricacies of the market and pitfalls or challenges that new entrants are likely to encounter. Oil and gas business plan in nigeria article explains some basic concepts in the oil and gas industry as well the steps involved in starting an oil and gas company.
This is where the business of oil servicing companies comes in. Do you live in an oil rich region like Nigeria, Angola, Kuwait, United States, Saudi Arabia, Iraq, etc; and sample cover letter educational consultant position want to legally tap into the lucrative business opportunities in the oil and gas industry?
It is not very difficult to do that, you will just need to move around a lot more, pay prospective customers a visit and ask questions. The downstream sector entails storage of petroleum products as well as transportation, marketing, and oil and gas business plan in nigeria else that happens until the products finally get to consumers.
Although several products are made from crude oil, only four of them are in huge demand. Everything in Against sweatshops essay practically depends on oil.