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Last Updated: March 20th, 2018 Oil and gas distribution business is one of the most lucrative and relaxed business anyone can start with little or no capital. You can 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. The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Order...

PROCEDURE AND CONDITIONS FOR GRANTING APPROVALS FOR THE CONSTRUCTION AND OPERATION OF A PETROL STATION A.  APPLICATION PROCEDURES  Application for approval to construct a filling service station for retailing Petroleum produces shall be submitted to the Department of Petroleum Resources (DPR) giving details of the proposals and any information that may be relevant to the project. In addition, the following documents should be submitted along with the application: i. Three (3) copies of approved plan showing the building existing or proposed on the site and the relation of the site to the roadways and adjoining property; ii. A certificate signed by signed by the Chief Federal/ State Fire Officer, or by an officer authorized in that behalf, that the arrangement proposed for the prevention of fire at the site are satisfactory; Related Post: How to start oil and marketing/distribution business in Nigeria with little or no capital iii. A certification by the Area/Town Planning Auth...

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. The good news is, you do not need to be a millionaire to start this business. With what is called Local Purchase Order(LPO) you can start without any capital(money) and still make huge amount of money. LPO is a contract agreement between you and the company you want to deliver the product to, and usually, it contains the quality, quantity, date the product will be delivered, ...

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...

This is for those looking for authentic information on how to build and run petrol/fuel station in Nigeria. You have come to the right place. This report is also applicable to those that want to run kerosene (DPK) marketing(domestically with surface tank and pump). PROCEDURE AND CONDITIONS FOR GRANTING APPROVALS FOR THE CONSTRUCTION AND OPERATION OF A PETROL STATION A.  APPLICATION PROCEDURES Application for approval to construct a filling service station for retailing Petroleum produces shall be submitted to the Department of Petroleum Resources (DPR) giving details of the proposals and any information that may be relevant to the project. In addition, the following documents should be submitted along with the application: i. Three (3) copies of approved plan showing the building existing or proposed on the site and the relation of the site to the roadways and adjoining property; ii. A certificate signed by signed by the Chief Federal/ State Fire Officer, or by an officer authorize...

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 ...

An ex-official of the Kaduna Chapter of the Independent Petroleum Products Marketers Association of Nigeria (IPMAN), has alleged that a cabal of corrupt workers are heading the Nigerian National Petroleum Corporation (NNPC), and its affiliate, Petroleum Product Marketing Company (PPMC), which has President Muhammadu Buhari, as the supervising Minister. The former IPMAN official, Bako Abdullahi Yelwa, on Thursday, blamed the alleged cabal for the continuous fuel scarcity across the country. Dr. Ibe Kachikwu the Minister of State for Petroleum, is equally being blamed for his failure to tackle corruption in Nigerian National Petroleum Corporation (NNPC). According to DailyPost, the marketers who said the extortions and other sharp practices at the PPMC/NNPC seemed to be defying all interventions by successive administrations in Nigeria, expressed worry over the new cabal at the corporation who specialise in extorting money from IPMAN/AMFSON members before issuing allocation of petroleum ...

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 ...