₦airaland Forum

With our strong market relationships, trusted suppliers, Eastern Union is your energy commodity partner of choice for nominations and deliveries. Let's see how we can explore possible synergies.

easternu9ion@gmail.com

With our strong market relationships, trusted suppliers, Eastern Union is your energy commodity partner of choice for nominations and deliveries. Let's see how we can explore possible synergies.

easternu9ion@gmail.com

With our strong market relationships, trusted suppliers, Eastern Union is your energy commodity partner of choice for nominations and deliveries. Let's see how we can explore possible synergies.

easternu9ion@gmail.com

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, DPK, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, DPK, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, DPK, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in bulk purchase (Tank Farm, STS) of AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

Email: easternu9ion@gmail.com
Phone: 08030654233

If you have sincere interest in buying AGO, 5,000MT and above, you will do well contacting us, and we will take it from there and match your order with a ready seller.

If you have sincere interest in buying AGO, 5,000MT and above, you will do well contacting us, and we will take it from there and match your order with a ready seller.

If you have sincere interest in buying AGO, you will do well contacting us, and we will take it from there and match your order with a ready seller.

This message is for end buyers, buyer's facilitator. We will be glad to welcome LOI, proposals for bulk supply of AGO to Tank Farms around Nigeria and beyond.

Eastern Union is an energy commodity trader striving to bridge demand-supply arbitrage gaps. This we do competively, effectively and efficiently.

Let us know how we can explore possible synergies.

Uche Nwosu
easternu9ion@gmail.com
08030654233

Let me take time to explain how things really work here in Nigeria with regards to off-OPEC transactions.

Real sellers of Nigerian bonny light crude oil will not let the general public know who they are.  It would put them at considerable personal risk. Since the privatization of the oil industry there are multiple sources.

A seller’s agent will never let you know who his seller is because as a buyer you will just do an end-around on him and leave him out of the income cycle. 

The real sales of sweet crude oil are made on the streets first. It is like the trading floor of the New York Stock Exchange only without walls and electronics.  This is a person to person business.

If you want to buy oil from Nigeria then knowing the right people, not the ones that are so prevalent (the crooks) is absolutely essential to get to the first step in any transaction. Once you have found a real oil seller, any deal has to have government approval.  If you think you have a crude oil deal and yet do not have the support of those in government then you can not complete delivery.  Once again, if you do not know the right people with significant influence you will never be able to take delivery.

The NNPC is the front door. The NNPC owns no oil but it is charged with the responsibility to transact every drop of crude that leaves the country.  They publish procedures and if you go direct to them you can get it done if you are a refinery or have several sales already completed and can make a commitment to invest some of your profits into Nigeria’s growing economy. Otherwise forget it

This is the back door... You must find a politically connected entity that, with a phone call, can get crude oil released to them to sell.  This may not seem fair but every government in the world works this way.  Those that govern make advantages for themselves.  For instance, in the USA it is illegal to do insider trading.  But if you are a congressman or senator it's legal. 

Know this, there are those that have or do work for the government that will announce that every notice of available oil is fraudulent unless if comes from the NNPC.  That is only partially true. The fact is that if someone says they have oil available you had better check all of their documentation through the appropriate government offices. The fact is that this back door only works if you are the end buyer and can prove you have the capability to financially get it done.  Bottom line the only crude that comes out this way is already sold.  Nobody is sitting around with a boatload of oil waiting for a buyer to show up.  Just like nobody is sitting on 10 or 100 kilos of gold waiting for a buyer to show up so they can offer them a discount.  This is all done quietly with personal contacts.

Nigeria is the fifth-largest exporter of oil to the United States. So transactions are actually going on. Somebody knows how to get the job done – to complete transactions where EACH side’s interests are protected.  Every now and then you will find an oil facilitator that knows who the real sellers of BLCO are, has the political connections to push through a transaction and requires proven honest shipping concerns that can do delivery in the actual quantity and quality that is being paid for.

If you are looking for such a facilitator, then please feel free to forward us a formal LOI, and we will take it from there, procedurally and contractually.

Regards,

Uche Nwosu
Eastern Union
Email: easternu9ion@gmail.com
Phone: 08030653233

If you have genuine interest in bulk purchase of AGO, you will do well contacting us, and we will match your order with a ready seller.

Eastern Union
Easternu9ion@gmail.com
Call/Whatsapp: 08030654233
BBM: 52D825A5

Become an AGO(Diesel) Facilitator and Make residual Income.

Are u in Port-Harcourt and would want to earn residual income even without leaving your paid job? If yes, you may as well have landed yourself a deal.

GET A LPO OR COMPANIES THAT NEED DIESEL(AGO) IN LARGE QUANTITIES AND CALL US AND EARN YOUR COMMISSION OFF EACH DEAL.

Call: 08030654233
easternu9ion@gmail.com

Are u in Port-Harcourt or beyond, and would want to earn residual income even without leaving your paid job? If yes, you may as well have landed yourself a deal.

GET A LPO OR COMPANIES THAT NEED DIESEL(AGO) or DPK (Kero) IN LARGE QUANTITIES, CALL US AND EARN YOUR COMMISSION OFF EACH DEAL.

Call: 08030654233
easternu9ion@gmail.com

Are u in Port-Harcourt and would want to earn residual income even without leaving your paid job? If yes, you may as well have landed yourself a deal.

GET A LPO OR COMPANIES THAT NEED DIESEL(AGO) IN LARGE QUANTITIES AND CALL US AND EARN YOUR COMMISSION OFF EACH DEAL.

Call: 08030654233
easternu9ion@gmail.com

We have Seller's mandate for 100,000MT of AGO.

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products to cover supply and demand arbitrage. This we do efficiently, competitively and safely.

We are also a Facilitating/Brokerage firm for bulk supply of BLCO, AGO, LPFO and Barite.

Willing and performing buyer should forward a formal Letter of Intent to: easteru9ion@gmail.com or call: 08030654233.

Uche Nwosu
For: Eastern Union Energy Services LTD

Proof of Funds Importance

Parties in the deal.

* Seller = NNPC
* Consignee = NNPC approved reseller
* Buyer = the entity signing the purchase agreement
* End Buyer = Refinery

Now, when we get approval for the price and procedure we want to try and get the buyer pre-qualified prior to signing a letter of intent to purchase.

At that point we send out the verbiage for the MT799 (it contains blocked funds verbiage). This is important at this stage for two reasons; one, we want a signed contract to be able to close and two, we want the buyers to keep their integrity. We have learned that some buyers will sign a contract and either not read the language in the addendum or not check with their bank for approval or sign the contract knowing full well that they can not block funds (because they do not have enough funds to do so). Most buyers are intermediary buyer/sellers, which means they are buying to resell to a refinery. When a buyer like that is looking at 3-4% profit, they can not rent an SBLC for 5%. Then the buyer and his bank has to go back and forth with the banking verbiage to get it approved with their bank and the seller’s bank. We are fortunate to have a NNPC Approved Fiduciary (Consignee) that has some flexibility. How can the buyer hold up his head when he has signed a contract and does not have the money to purchase? We want everybody to feel good about the deal.

You might say,

It is just a POF, whats the big deal?

If the NNPC is going to allow its vessel and cargo to go half way around the world with just a notice that the buyer has the money, they want to make sure the money is still there when the vessel arrives. So the NNPC requires the Consignee to guarantee payment by putting up their own SBLC or BG.

That means the Consignee’s bank has to get involved in providing a corporate instrument to the NNPC based on the strength of the buyers POF. Since the Consignee’s bank can not lien or draw on a POF they want the language to be pretty strong and they want the buyer’s bank to be responsible to hold funds and be willing to pay once the cargo arrives. Without the Consignee’s bank approving the verbiage and issuing an instrument with the NNPC the vessel can not get loaded.

Most buyers in the market today are actually not end buyers, they are intermediaries. That means most buyers do not have money. If they had done their job correctly they would have done a contract with the end buyer but most do not tie up that end FIRST and therefore can not show the end buyers banking strength in their account and then may have a problem providing blocked funds. That is when they start to hedge and say instead they will provide a DLC. But a DLC is not any better because it is just like a POF but weaker because it requires the buyers approval in order to be drawn on. Then they start to squirm and raise the trust issue. They conveniently forget they signed a contract stating that they had the funds.

Things get ugly.

We don’t want that, so we get the buyer to pass the MT799 verbiage through their bank so they can enter a contract with their head held high.

Uche Nwosu
For: Eastern Union

When proper protocols are put in place and followed rigidly then issues such as trust are no longer needed. Every step of a transaction, from initial introduction to continued delivery is informed by a protocol that protects every party in the transaction.

These are the basics that Eastern Union Energy Services practices.

When there is an introduction there is data collected which is verified.

When the is an intention made there is a soft probe to ensure capacity to perform.

When there is a contract written there are bonds and banking instruments that guarantee performance.

When there are banking instruments initiated the language in them calls for legal protocol and performance.

When there is product offered there is verification that it exists and that the title is in the right hands.

When there is availability of product there are quality and quantity (Q & Q) verifications.

When there is proof of product there is a performance bond warranting delivery.

When there is delivery there is further verification of quality and quantity.

When the delivery is made it triggers documents that are presented to the banks.

When the documents are presented the title to the property changes hands as the money is transferred.

When the money is transferred it triggers further conditional contractual payments to all parties involved.

When parties present invoices that triggers automatic payments to be drafted against the monies in the accounts informed by banking instruments in advance.

Everything is procedurally precise, strictly adhering to international banking and transference laws, no short cuts.

The Result – Everybody is happy because everybody has been protected.

Uche Nwosu
Director, Projects and Operations
08030654233

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products to cover supply and demand arbitrage. This we do efficiently, competitively and safely.

We are also a Facilitator/Brokerage firm for bulk supply of DPK, AGO, LPFO and Drilling Fluids.

Willing and performing buyer should forward a formal Letter of Intent to: easternu9ion@gmail.com or call: 08030654233.

Uche Nwosu
For: Eastern Union Energy Services LTD

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products - DPK, AGO, PMS, to cover supply and demand arbitrage. This we do efficiently, competitively and safely. We also have active interest in Barite.

If you are in need of any of our products and/or services, and within the South-East, please hit us on:

08030654233, 08023020648.
mail to: easternu9ion@gmail.com

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products - DPK, AGO, PMS, to cover supply and demand arbitrage. This we do efficiently, competitively and safely. We also have active interest in Barite.

If you are in need of any of our products and/or services, and within the South-East, please hit us on:

08030654233, 08023020648.
Email: easternu9ion@gmail.com

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products - DPK, AGO, PMS, to cover supply and demand arbitrage. This we do efficiently, competitively and safely. We also have active interest in Barite.

If you are in need of any of our products and/or services, and within the South-East, please hit us on:

08030654233, 08023020648.
Email: easternu9ion@gmail.com

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products to cover supply and demand arbitrage. This we do efficiently, competitively and safely. We have active interests in Barite.

08030654233
easteru9ion@gmail.com

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products to cover supply and demand arbitrage. This we do efficiently, competitively and safely. We have active interests in Barite and refined petroleum products.

Call us: 08030654233
Email: easternu9ion@gmail.com

Eastern Union is an energy commodity trader. We source, transport and supply petroleum products - DPK,PMS,AGO to cover supply and demand arbitrage. This we do efficiently, competitively and safely. We have active interests in Barite and refined petroleum products.

Call us on: 08030654233, 08023020648