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In the oil and gas business, product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol),  DPK(kerosene) and LPFO( low pour fuel oil- black oil). You will find opportunities from estates, banks, factories, workshops, eateries/hotels and business centres, factories, companies, government offices, filling stations and depots. All these places are where you can supply petroleum products for millions even on your first delivery. You can completely start the business without capital as an independent broker. The business is completely free to start. This is made possible by payment-on-delivery system of the business. The buyer issues LPO(local purchase order) to you and, with the LPO which you will send to the supplying company, the company then supplies and, when the buyer pays, you will get your commission from the supplying company. You will also get the money you must have added to each litre. What I mean is, if the supply...

Last Updated: May 8th, 2018 You can actually go into oil and gas products trading, supplies, big and small deals and facility management. The oil industry is where everybody can benefit. The trading opportunity is massive, in fact, in one deal alone, you can make over N200,000(NGN).  Product trading is where the wealth is and, it has a wide scope, from the Automotive gas oil(AGO- Diesel) to PMS(petrol),  DPK(kerosene) and LPFO( low pour fuel oil- black oil). You will find opportunities from homes, banks, factories, workshops, eateries and business centres, cyber cafes, companies, government offices, and even to filling stations and depots. All these places are where you can supply petroleum products for millions even on your first delivery. This business was made simple and open to all by the partial deregulation of the petroleum sector by the federal government. The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Or...

The world of buying, selling and trading Oil and Gas commodities has gone through many changes over the past 20 years. Before the internet, the vast majority of deals were completed through word of mouth and networking. Oil and Gas CEOs, business development professionals and brokers were in every social circle at every industry meeting, talking with known sellers and buyers. With the rise in internet-based business and Social Media Marketing, buying and selling Oil and Gas properties has evolved. Today, more people see available deals and deals are done faster, which means, all parties have less time to evaluate them. This has both increased and decreased risk on the buyer’s part. Since comparables are more readily available, buyers have the luxury of quickly comparing deals against similar offerings. However, with so many hands in the cookie jar, competition is fierce. There are many resources available to the Oil and Gas commodity buying and selling community that help identify and ...

Last Updated: 4th April, 2018 Do you want to become an independent petroleum marketer? Do you want to do business in the oil and gas sector of the economy? Then I advice you read on. The oil and gas industry is one of the biggest and lucrative industries. In fact, it is probably one of the most vital sectors of the economy because every other industry is dependent on its output; which are petroleum products. This is why almost all the world billionaires and richest people own considerable investments in the oil and gas sector. Now what is a gas station? A gas station (filling station or fuel station) is a place petroleum products such as DPK (Dual Purpose Kerosene), PMS (Premium Motor Spirit or Petrol), AGO (Automated Gasoline Oil or Diesel), Lubricants, etc are retailed and sold to end users such as motorists.  Reasons Why You Should Start a gas station business It is a tangible investment and asset. It is a profitable business with good profit margin (volume based). Petroleum pro...

The oil and gas industry is perhaps the most strictly regulated sector, yet; it remains probably the most profitable. In fact, crude oil or petroleum and its derivatives are essential commodities that are consumed on daily basis. Related post: How to start oil and gas marketing/distribution business Despite the massive agitation for the adoption of alternative renewable energy resources, oil still remains the number one because 99.99% of all vehicles and machines use either PMS (Petrol) or AGO (Diesel). So the demand for petroleum products is not going anywhere in the nearest future because it will take decades before the concept of renewable energy will fully be accepted. You don’t also need to be rich to be an oil merchant, as there are several lucrative low startup capital services within the oil and gas industry. All you need is the will to succeed, and the technical know-how of the business you want to venture into. So without wasting your time, below are some profitable business ...