AFRICON OIL is involved in the following activities:
- Crude oil export from Nigeria: We have the ability to export and ship worldwide NNPC Nigerian Light Crude Oil, directly from NNPC and/or through official allocation holders.
We can also act as consultants in order to arrange for an official NNPC allocation to an astablished oil company that fulfils respective prerequisites.
AFRICON has established relationships with refineries in the region, and has been a regular supplier since 2014.
- Refined Oil Products: Importation and distribution to Nigeria and the neighboring countries. Due to the very poor performance of the Oil Refineries in Nigeria, AFRICON OIL imports and distributes refined oil products and lubricants, to cater for the high demand inside the country.
Distribution takes place with tanker vessels and/or with trucks on land in collaboration with local established distributors.
- Bunkering: Refueling of trading vessels that visit West Africa.
Refueling takes place inside Nigerian waters (Lagos and Port Harcourt) and also on international waters.
We can currently supply MGO and LPFO products with a capacity of over 12,000MT per week, as well as fresh water supplies with a capacity of over 5,000MT per week.
- Oil Refineries: Latest project is the establishment and operation of a high-end private 110K bpd refinery in the region.