Oil & Gas
We Sell Bonny Light Crude Oil (BLCO), Russia Export Blend Crude Oil (REBCO), D2, D6, JP54, LPG, AGO, LNG, UBCO, LCO, EN590, Mazut-M100, Crude Glycerine, R290 Refrigerant and Other Petroleum Products. Our company serves as a mandate to Oil Marketers both in Nigeria, Russia and Asia. We supply in large quantities AGO: Automotive Gasoline Oil (diesel) DPK: Dual Purpose Kerosene PMS: Premium Motor Spirit (fuel) ATK: Aviation Turbine Kerosene (Jet A1 of aviation fuel). HHK: House Hold Kerosene (domestic use) LPFO: Low Pour Fuel Oil (known as black oil), Petroleum Ether, Diethyl Ether, DIBK, Wheat Starch, Peg 4000, Oxalic Acid Dehydrated, Phosphoric Acid. We Have Tank Farms For Throughput And For Outright Sale. Here are our procedures for Bonny Light Crude Oil (BLCO). different types of Petroleum Products Full Corporate Offer (FCO) and a draft of Irrevocable Corporate Purchase Order (ICPO).
We Supply Refrigerant Gas To Liquefied Natural Gas Companies and other Energy and Gas Companies. The refrigerants have a wide range of applications. This includes commercial refrigeration, chill cabinets and vending machines, cold storage and food processing, industrial refrigeration, transport refrigeration, small air conditioning systems, large air conditioning and chillers systems, heat pumps and water heaters. Our Product Range: R290 (Propane), R134a, R22, R141b, R404a, R600 (N-Butane), R407c, R410a, R1270 (Propylene), R507, R32, R125, R152a, R600a (Isobutene), HFC-227ea, HFC-245fa, HFC236fa, HFO-123yf and HFO-123ze.
Gas Leakage Detector
We sell gas leakage detector for homes and offices. A gas leakage detector is a device that detects the presence of gas in an area, often as part of a safety system. Gas leak detection is the process of identifying potentially hazardous gas leaks by sensors. These sensors usually employ an audible alarm to alert people when a dangerous gas has been detected.
Liquefied Petroleum Gas
We Install And Maintain A Fully Automated Scale Dispensing Unit. A High Quality Liquefied Petroleum Gas Pressure Vessel. A Cost Effective Dispensing Unit That Runs With Rechargeable Batteries. LPG Sales Distribution Is A Very Lucrative Business For Everyone Hoping To Attain Financial Stability Now & In The Future. Installing A Gas Plant At Your Choice Area Is Now Very Affordable. Avogadros & Pythagoras Ltd/Oldam Technologies Are Also Into Procurement, Construction, Installation And Maintenance Of LPG Pressure Vessels / Cooking Gas Plant Skid Nation Wide. Our reach extends to all destinations across the country and our services deliveries are swift and efficient. Our rates and prices are also very competitive while our products are of good standard according to the specification of all regulators in Nigeria. Furthermore, we are into installation of LPG plant of different sizes ranging from 2.5 Metric tons (Filling station skid plant) to 40 Metric tons plant.
FACT SHEET OF LPG INVESTMENTS IN NIGERIA
Undoubtedly a vast investment potential exists in the domestic liquefied petroleum gas filling sub-sector of the Oil & Gas Industry in Nigeria. A large proportion of the middle and upper socio-economic class of people depend on gas for cooking purposes. So are industries, government establishments, hotels, hospitals, restaurants, bakeries etc .
? Today, Nigeria consumes about 450, 000MT per annum and we have about 230 LPG refilling plants and 7,000 retailing outlets. More succinctly, a captive market of over 180 million people makes investment in LPG industry viable since one of the challenges the Federal Government as well as LPG operators are forced to grapple with is how to market the use of cooking gas in Nigeria.
? Plans are in the pipeline by the federal government to enforce the use of LPG with free cylinder distribution to Nigerian homes. This has led to the removal of subsidy for kerosene. It Is therefore evident that the use and demand of LPG would skyrocket and now is the right time to make investments in the sector
? More LPG cylinders refilling plants are required to service the ever growing demand for LPG.
Plants vary depending on the tank size and design namely; 2.5 ton, 5 tons, 10 tons, 20 tons, 40 tons, Etc·
Our constructions and installations are carried by certified professionals with requisite knowledge to help you build or upgrade your facility to meet international standards. Our trendy plants/Facilities give the best value to your customers enhancing a convenient one-stop shopping experience. It also increases store traffic and cross-selling opportunities adding to more profits for you! We provide and install best equipment sourced from reputable international companies. Our equipment are also SON approved and also meet international standards. With speed and accuracy, we build and deliver your facility at the expected handover date.
Once you purchase of our plants it comes with: Magnetic Gauge, Pressure Gauge, Excess Flow Valve, Hydrostatic Valves, PRV· & No return Valve. It is capable of being refilled by a Bridger· & Bobtail, Expandable to 20tons,·Integrity Welding,·Pressure tested and After-Sales Support·
? Easy to maintain and manage
? Very low operational cost
? Location of plant can be changed/relocated at will
? Gives value for money and highly profitable
? small portion of land/space needed
? Plants can be located closer to LPG consumers unlike stationary LPG
Let's help you build a viable & profitable LPG business in any value chain sector you decide to invest
We have been providing supply services to NGC/PPMC, SHELL (SPDC) NIGERIA, CHEVRON, TEXACO, MOBIL, NLNG, etc, for over a period of years. We have gained extensive experience by having a business relationship with these companies.
BONNY LIGHT CRUDE OIL (BLCO)
How To Buy Crude Oil From Nigeria: The Complete OFF OPEC Guide For Buyers And Sellers.
Safely figuring out how to buy crude oil from Nigeria is one of the most daunting tasks crude oil buyers from many parts of the world face. The Nigerian market is highly volatile, too many people masquerade themselves as crude oil sellers, and after a long series of engagements, both the crude oil buyer and seller’s time gets wasted. Here we focus on the concerns, highlight what’s real and what isn’t, and show crude oil buyers what to do to close a successful transaction.
There’s a lot to understand when it comes to knowing how to buy crude oil from Nigeria. First, the NNPC (Nigerian National Petroleum Corporation) :
Does not employ the services of any Agent (s) or third parties for the Sale and Purchase of Nigerian Crude Oil, Natural Gas Liquids (Domestic & Export) and LPG mix. Does not introduce or recommend its potential Term Contract Holders to any third party or Agent (s). Does not have any Off-OPEC Allocation (s), Does not require Companies to pay any money into individual’s Personal/Companies Account (s) or any Account that is not Designated by the Government for Crude Oil, Natural Gas Liquids (Domestic & Export) and LPG mix, and Does not issue any Authority to Sell to individuals or Companies.
Why This Statement?
First, the NNPC is an OPEC registered nation, and so, abides by OPEC rules and regulations. Meaning that if a crude oil buyer wants to get Nigeria’s crude oil, they’d have to come down to Nigeria to have a talk with the NNPC, after which they can go on to purchase the quantity of crude oil they want at the full OPEC price.
So Who Are Off-Takers?
Every year, the NNPC puts out an advert for companies that meet a minimum critical requirement, to bid for crude oil lifting and marketing contracts. These organizations undergo a technical and financial evaluation to prove they are fully fit to lift and market Nigeria’s crude oil. Those awarded the contract usually get a year-long allocation/contract to sell Nigeria’s crude oil to refineries around the world, and this is done based on thorough OPEC practices. The discounts here can be as ridiculously low as $2 or mostly none at all, which never favours crude oil buyers who primarily look to buy Nigeria’s crude oil for resale purposes.
So What Are OFF-OPEC Sales?
Since OPEC (Organization of the Petroleum Exporting Countries), the world’s foremost body for regulating the price of crude oil, imposes strict practices for its member countries to follow, this limits the production capacity and sales of crude oil worldwide. Nigeria, for instance, as at July 2017, officially produces about 2.2 million barrels of crude oil a day. These figures are merely official numbers, but what is rumoured to be generated is said to be over 3 to 4 million barrels of crude oil a day.
These excess crude oil generated are then in-turn sold through organizations who have the financial capacity to execute in what are commonly called Off-OPEC transactions. Here, the companies buy the crude oil from the NNPC on Provisional Lifting Right (PLR) FOB terms, and then go on to resell to crude oil buyers on CIF terms. Here, no OFF-OPEC allocations are given. Everything is simply done on PLR basis. Several companies operate on OFF-OPEC / PLR terms, and this is why their names never appear on the list of off-takers the NNPC releases every year, which are only meant to be companies that strictly operate with OPEC practices on behalf of the Nigerian government.
How Do You Verify An OFF-OPEC Allocation In Nigeria?
The NNPC does not give OFF-OPEC allocations, and so, taking a company’s ATS (Authority To Sell) letter to the NNPC tower in Abuja for a verification would either get you a straight denial or arrested. No official in the building will admit to any OFF-OPEC allocations because they really do not exist, but on your way out, some people may try to lure you to use a seller “they claim” is a real seller, whose name isn’t even on the off-takers list published yearly by the NNPC. They mostly do this in a bid to broker a crude oil transaction since they cannot officially own allocations or issue allocations to any of their family members.
The crude oil sellers you may be referred to in this instance are those lifting on PLR basis, where they buy from the NNPC on FOB and resell to the buyer on CIF. Technically, this is the OFF-OPEC transaction that happens, and the Laycan that is issued to the crude oil seller is verified at the NNPC. If you want to verify an OFF-OPEC allocation or ATS (Authority To Sell) letter of any potential crude oil seller in Nigeria, you simply cannot. All those documents are all simply fake! The only verifiable thing is the Laycan that would be issued to the crude oil seller to load their vessel.. If the Laycan is not verifiable, then the crude oil is of highly questionable origin. If you walk into the NNPC flashing documents and demanding answers to questions, they’d tell you the only approved sellers are the published off-takers.
Why Then Does The NNPC Deny Having Crude Oil Sellers With OFF-OPEC Allocations?
As stated earlier, OFF-OPEC allocations do not exist. The NNPC doesn’t simply give OFF-OPEC allocations. Another thing is OPEC constantly sends spies to try to identify wrong practices done by its member countries in a bid to impose heavy sanctions on those found wanting. As a result, every official at the NNPC towers are always on the alert and would deny any knowledge of any OFF-OPEC allocations, because they really do not exist. OFF-OPEC transactions in the right description now are done by the crude oil sellers who are buying from the NNPC on FOB terms based on the Provisional Lifting Right and selling to their buyers on CIF terms. These sellers are not verifiable, but the Laycan is verifiable and their trade processes could be negotiated to be secure for both parties. If the Laycan is not verifiable and the trade process is not reasonably negotiable, then there’s a problem.
Why Are Crude Oil Buyers Demanding For OFF-OPEC Crude Oil?
Crude oil buyers in Nigeria are always looking out for good deals on the price of the crude oil sold. On OPEC allocations, they purchase at the full Brent price, or sometimes with a $2 discount per barrel, but with OFF-OPEC purchases, they can get up to a $6 NET discount per barrel for exports to Europe and up to an $8 discount per barrel for exports to West African countries. When they do this, they usually pay a commission of $4 to the brokers involved, where both the buyer and seller’s side gets to share it equally. For instance, a crude oil export to China could come at a cost of $10 gross Less $6 net ($10/$6). Where $6 is the NET discount the buyer is getting per barrel, and $4 is the commission the buyer is paying, which is to be split by all the parties involved per barrel. This way, if the current Brent price of crude oil is $72 per barrel, the full amount the buyer would have to pay would be $66 per barrel, saving them $6 million Dollars for every 1 million barrels purchased.
So How Does A Crude Oil Buyer Buy Crude Oil From The Nigerian OFF-OPEC Market?
The first step is to find a credible crude oil seller who doesn’t just have experience trading OFF-OPEC, but is willing to complete a transaction on reasonable terms, discounts, and procedures. Since the sellers are usually difficult to find, you’d have to communicate directly with their mandates or facilitators. The NNPC only sells crude oil on FOB terms for both OPEC and OFF-OPEC (PLR) transactions. After which the crude oil seller goes on to cover the insurance, clearance, and transportation costs to enable them to ship crude oil to their buyers on CIF terms. Although, OFF-OPEC crude oil sellers can still do FOB (Free On Board), CIF (Cost, insurance, and Freight), TTT (Tanker to Tanker Transfer), and TTO (Tanker Take Over) procedures for any crude oil buyer that requests it.
Next, the crude oil buyer’s bank would need to show a proof of finance to the crude oil seller’s bank, after which the seller’s bank would go to show their financial capability and readiness to post a 2% performance bond upon the placing of a financial instrument by the crude oil buyer. In some cases, the crude oil seller can post an upfront performance bond for the crude oil buyer to provide comfort. After the crude oil buyer’s financial instrument is in place, the crude oil seller will then go on to secure Laycan, load the vessel, and then present all the vessel documents and more to the crude oil buyer for verification before the cargo is shipped. Procedures could widely vary, and an inexperienced OFF-OPEC crude oil seller could make dire mistakes in choosing the type of financial instrument or procedure, which occasionally leads to distressed vessels.
What If The Crude Oil Buyer Can’t Verify The Crude Oil Seller’s ATS And Partial Proof Of Product?
NNPC does not give OFF-OPEC allocations and so any ATS (Authority To Sell) and PPOP (Partial Proof Of Product) showing that the seller has been given a bulk allocation is fake. This is why it is important to ensure the crude oil seller is made to post a performance bond, possibly upfront after the buyer has proven he has the money. This ensures a financial commitment from the crude oil seller in the transaction. But essentially, there are many ways the procedure could go, depending on the crude oil seller the crude oil buyer is dealing with.
To Sum It Up
While this article may be a small peek into how to buy crude oil from Nigeria in the OFF-OPEC market, there’s a whole lot more information to learn and this would require a detailed research on the part of the crude oil buyer looking to purchase BLCO (Bonny Light Crude Oil) at a discount from the OFF-OPEC market.
An Important Point
Trying to buy crude oil from Nigeria through genuine OFF-OPEC sellers can lead to a lot of wasted time and efforts on the part of the crude oil buyers. They spend a lot of time vetting crude oil sellers in Nigeria, doubting their results even if positive, and going back and forth too many times than they can count, only to end up either cancelling their decision to buy or making a purchase after months or years have passed. Since finding genuine crude oil sellers in Nigeria is a problem, it is always wise for a crude oil buyer to use a Nigerian organisation as its buyer mandate, so they can be on the ground, meet with several crude oil sellers, and help the crude oil buyer make better calculative decisions. To make this possible for crude oil buyers, we can help genuine crude oil buyers facilitate crude oil purchases from Nigeria. We could either act as facilitators from the crude oil seller’s end in some cases or represent the crude oil buyer as their mandate in other cases. Whatever position that helps crude oil buyers in Nigeria to close genuine crude oil transactions fast, transparently, and easier, we can make the process as stress-free as possible.
Our crude oil facilitation service is completely transparent, and as a result, we will not deal with a crude oil buyer or crude oil seller who intends to cut corners or outsmart any party in the course of a crude oil marketing deal. If you’re a genuine crude oil buyer, crude oil buyer mandate, crude oil seller, or crude oil seller mandate, you can reach out to us via our contact details. If you’d like us instead to represent your interests as your crude oil seller mandate or crude oil buyer mandate, we’d be glad to do so. In addition to our crude oil facilitation business in Nigeria, we’re also AGO (diesel suppliers in Nigeria) and can supply AGO to tank farms, private or government organizations in Nigeria, or to countries like Cameroon, Ghana, and more, in the West African coast, while remaining willing to also represent your interests as your BLCO buyer mandate or BLCO seller mandate. Please click to see our BLCO Procedure. If you’re only a scam, don’t waste your time, as the conversation wouldn’t last too long after a few questions and demands to prove your authenticity have been made from our end.
We seek to secure a Partnership or a Sales Representative Agreement between our company and any foreign company, private personnel or organization in The Real Estate, Agriculture, Oil & Gas sector interested in doing business in Nigeria. The Partnership arrangement will see SOCCUL-GRADO LTD., providing the land and liaise with the government to obtain all the necessary licensing including concession for the partnership operations. And the foreign partner will be required to provide the technical equipment as well as technical manpower including backup support in terms of necessary spares, tools and finance.
We Develop Lands And Manage Properties. We are actively involved in building designs and constructions of various types and uses vis-à-vis Residential Buildings, Commercial Buildings, Industrial Buildings, Mixed Use Developments, Religious, Educational, Recreational and Wellness Facilities etc. We are experts in the construction of Modular Homes. We design and build Estates, Corporate Offices, Factories, Schools, Event Centers, Barracks, Laboratories, Warehouses, Kiosks, Hostels, etc. Contact us today for the best homes ever.
Our Security System is second to non. Our technology has lead to the apprehension of intruders and perpetrators under the hardest conditions including crashing a vehicle into the fence and their subsequent later return to enter the Premises. Our systems work with Zero False Alarms under conditions of ground movement, vegetation, rain, train vibrations, strong winds, airplane jets, etc. Our proprietary technology is implemented within our sensors and field processors providing electronic signals proportional to the force applied.
We sell, install and maintain solar energy for corporate organizations, individuals and government agencies. Our company Hybrid Power Australia (HPA) is the best solar energy company based in Australia. Get consistent energy supply with our solar energy. It is cheap and reliable, better for the environment. Solar electricity is one way to power your home or business that benefits the environment. There are no direct greenhouse gas emissions because the electricity is made from sunlight rather than burning fossil fuels.