The Nigerian oil and gas sector presents one of the most profitable areas of business interest in the country. Many who have been privileged to do business in this sector have always attested to the abundant profit inherent in this business.

The major problem hindering many from venturing into this sector is because of its strict regulations. In fact, crude oil or petroleum and its derivatives are essential commodities that are consumed on daily basis. Despite the demands for the adoption of alternative renewable energy resources, oil still remains the number one because over 97% of all vehicles and machines in Nigeria use either PMS (Petrol) or AGO (Diesel).

Here are some business and investment opportunities in the oil and gas sector.

1. Oil Drilling and Exploration

Oil and gas exploration is the most risky but lucrative business in the petroleum industry. To start, you will need a large amount of capital, heavy machinery, a highly competent technical team and an approval from the government. In Nigeria, such approval is called an “Oil Prospecting License (OPL).” Companies operating at this level include Exxon Mobil, Texaco, Chevron, Conoil, etc.

2. Equipment Leasing

If you don’t have large capital to venture into oil exploration, you can still make money by setting up an equipment leasing company to serve the petroleum sector specifically. Here, you’ll need to purchase equipments that are needed in the oil and gas sector. Money will be made by leasing those equipments to oil firms in need of them.

3. Petroleum Refining

Another lucrative business in the oil and gas industry is petroleum refining. It is possible to setup your own small private refinery and compete with the big players in the industry, since oil is a commodity that actually has no unique selling point. For instance, with the deregulation of the downstream sector in Nigeria, and the current upstream deregulation plus the planned subsidy removal; setting up a private refinery is the next business that will kick off in Nigeria.

4. Crude Oil Exportation

5. Fuel Importation

6. Offshore Trading

Some oil shipping tankers don’t have the permission to sail through the waterways of certain countries, so what they do is to sell off their oil at the border to a merchant whose ship has the right to enter the country. If you have the capital and logistics to buy these products offshore at a bargain, you can make some profit from the deal.

7. Oil Depot

You can also setup a tank farm and sell petroleum products to distributors and retailers. In this case, you will need to build massive tank farms or reservoirs to store your products as you will either import your own products, or source your products from the local refineries or buying from the oil tankers.

8. Fuel Haulage and Logistics

If you want to avoid the stress of getting a license and the strict compliance associated with starting an oil company, then you can purchase trucks and haul petroleum products for marketers from the depots to their desired destinations.

9. Filling Stations

You can also setup a fuel station and retail petroleum products such as PMS (Petrol Motor Spirit), AGO (Diesel), DPK (Kerosene) to domestic and commercial users.

10. Petrochemicals refining

You can start the production of petrochemicals such as Benzene, Ethylene, Ammonia, Toluene, etc.

11. Domestic DPK Retailing

Just recently, I have started seeing mini fuel stations with just a pumping machine; within some streets in Lagos and some others states. These mini fuel stations are simply retailing kerosene to households. If you don’t have the funds to purchase motorized pump-machines, you can start by using big barrels. But remember that you must be licensed by the local government before you can start this business.

12. Gas Wholesaling and Retailing

You can also setup a gas plant, or a wholesaling point. Or better still, you can retail domestic gas like ethane and butane, etc.

13. Petroleum Supply on Contract Basis

You can also supply AGO (Diesel) to companies that run heavy duty power generators like banks, manufacturing firms, telecom companies, etc. You can also supply aviation fuel to airlines on demand-and-supply basis.

14. Oil and Gas Consulting

Have you being employed in the oil and gas industry for a long time? Do you have the skill and experience? Do you understand the modus operandi of some specific oil businesses? Then you can become a consultant with expertise in the oil and gas industry. Your duty here is to offer advice and guidance to entrepreneurs and investors seeking to venture into the oil and gas industry. You can also help them scale the hurdles of the oil industry.

15. Oil and Gas Brokerage Services

Even if you have no money to venture into the oil and gas business, you can still profit from the industry by offering brokerage services between buyers and sellers of petroleum products.

16. Blogging

You can also start a blog profiling oil and gas companies; and keeping the stakeholders abreast with the happenings in the oil and gas sector.

17. Publish a Magazine

Just as in the case of blogging, you can start a hard cover magazine focusing on the oil and gas sector.

18. Start a TV Show production

You can also launch a TV show targeting the oil and gas sector. You can profile and interview entrepreneurs in the oil sector, review the challenges in the petroleum sector, etc.

19. Oil and Gas services

You can also start an oil and gas services company. Your company can choose to offer services such as safety, hazard control, pipeline installation, other installations, pipeline monitoring and security, etc.

20. Invest in Oil and Gas companies

Now if you lack the capital or the entrepreneurial prowess to venture into the oil and gas business, you can still make money off the industry by investing in a reputable oil and gas company with proven track record. Just ensure you do your due diligence before you invest a dime.

Source

my fellow mini importers,
i wish to ask if anyone has actual made attempt on x pression utlra baids for our girls.
the item is hot selling right now, even though the margin of profit is around 30% return.
Are there differences between the ones produced here and the ones in china. thanks

AN APPRAISAL OF PRICING IN PETROLEUM INDUSTRY FOR DOWNSTREAM PRODUCTS IN NIGERIA
http://www.bravoprojecthelp.com/marketing/an-appraisal-of-pricing-in-petroleum-industry-for-downstream-products-in-nigeria/

You can also have a Tank farm for crude oil storage, for the rich men that are into importation of crude oil.




Tank farm for sale in Lagos and PH nigeria,contact for more inquiries Phone:+234(0)9033826160
ketkelvin806@yahoo.com