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Tapping Into Oil And Gas Business - Business - Nairaland

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I Want To Go Into Oil and Gas Business / I Need Information On Oil And Gas Business(provide Me With Infoand Get Paid). / What Do I Need To Start Oil And Gas Business? (2) (3) (4)

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Tapping Into Oil And Gas Business by Wumivic(m): 5:42pm On Oct 25, 2014
The oil and gas industry is one of the most lucrative industries in any economy. In fact, it has created more billionaires in the world than any other industry. A lot of people think when you want to tap into Oil and Gas Business you need huge start-up capital. Yes, tapping into this money-spinning market requires huge startup costs, but not ALL the aspects of Oil and Gas Business. You can start your oil and gas business from the scratch and build it up.

For example you can choose to offer brokerage services between buyers and sellers of petroleum products and you can make a huge profit.

Oil and gas business is serious business, at the start up level you need more time, and effort to succeed in the long term.

Over the years, the oil and gas business has undergone various changes, and now, it has become a much-organized business. It comprises three sectors:

• The upstream sector
• The midstream sector
• The downstream sector

All the sectors are very lucrative, and each has its own fair share of market players. Are you wondering what these sectors mean? Here’s an explanation…

• The upstream sector entails oil prospecting and exploration, drilling for oil, and drawing it out of the ground. These activities are the earliest stages of oil production.
• The midstream sector entails transportation, storage, and wholesale marketing or crude or refined petroleum products. 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.
• 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.

Although several products are made from crude oil, only four of them are in huge demand. These are:
• Petrol or gas (also called gasoline or PMS—premium motor spirit)
• Diesel (also called AGO–automotive gas oil)
• Kerosene (also called paraffin or DPK—dual-purpose kerosene)
• Cooking gas (also called LPG—liquefied petroleum gas).

The demand for these four products is high because they are widely used for everyday activities such as transport, domestic cooking, and so on. These are the four products you can start making your real cash.

Interested in learning how to succeed in Oil and Gas Business?! Kindly visit: http://www.thecareerpublications.com/oilandgasbusiness.html

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