Discover the crude oil trader where you’ll be able to buy your petroleum from. It’s positioned in Nigeria and it is a authorities company which is answerable for the sell and buy of Nigerian petroleum. It is advisable to learn the whole of this text to discover how it really works.
NNPC is the trader answerable for monitoring the drilling, manufacturing, buy and sell of petroleum in Nigeria. It’s a government owned company. The complete that means of NNPC is Nigeria national petroleum corporation. Shopping for petroleum from NNPC shouldn’t be a straightforward course of particularly in case you are a primary time buyer or in case you wouldn’t have huge funds. There are some requirements to purchase petroleum from NNPC. They’re as follows:
1. You must have a capital of up to $one hundred,000,000
2. You need to have an operating refinery or a outstanding oil trader.
One hundred million dollars is just not hen cash and you will need to be very wealthy to have the ability to personal such sum of money. NNPC restricts shopping for of crude oil to native and worldwide refinery and renowned oil traders. Once you meet the factors, the next step is to contact the marketing division of NNPC. It has workplaces in London and Nigeria. It has up to 3 workplaces of the NNPC in Nigeria or London. One is located at Lagos; the others are at Abuja and Port Harcourt respectively. This may be executed in writing to them or calling them on telephone. These two processes may take time before you get a response. You’ll get faster response when you go to their office and meet the precise division chargeable for this specific problem.
Moreover, whenever you must have passed NNPC due course of, you can be given oil allocation. Before you are given the oil allocation, you may be required to deliver $1 million efficiency bond via a primary class financial institution located in Nigeria or abroad. Oil contracts which you will have previously executed will even be required. The protocol for the promote or purchase of Nigeria petroleum by way of this Nigerian authorities marketer is brain-cracking especially for first-time patrons. You should be organized in an effort to pass their due course of.
