Trading Contract Agreement with Lukoil

Signed lubricant trading contract with Lukoil global brand in Russia

Exclusive Distribution Agreement with Lukoil in Morocco

Signed exclusive distribution agreement for Nigeria and part of Africa with Lukoil in Morrocco

AfriCorp Petroleum established

AfriCorp Petroleum, was established with initial focus of trading petroleum products – flagging off our phenomenal journey towards bringing energy security to life

NMDPRA Lubricant Storage Permit

NMDPRA permission for storage and sales of lubricants in the country

NMDPRA Petroleum Sales Permit

NMDPRA Permission to initiate sales and marketing of petroleum products in Nigeria

Group's Trading hub extended to Texas, US

Our Group’s trading hub was extended from Lagos, Nigeria to Texas, United State – unleashing our global vision

Private Limited Liability Company

Conversion to public liability company (PLC)

Expansion to Angola

Extended our West Africa frontier to Luanda, Angola – with a resounding interest from the good people of Angola

Lube Blending Plant launch

Launch first Lube blending plant in Nigeria to support Africa market

Commencing operations in Senegal and Southern Africa

Expand our footprint in West Africa by commencing operations in Senegal and expanded business operations in Southern Africa with the establishment of the Angola office

Expansion in East Africa

Expand our footprint in East Africa by commencing operations in Nairobi, Kenya by establishment of office in Ethopia

Onshore Marginal Field acquisition

Acquire major stake in an onshore marginal field located in the oil producing Niger Delta region, this will be followed by Offshore assets

Refinery Partnerships in Africa, Europe and United States

Increase our stake in the energy value chain through strategic crude refining partnership with refineries in Africa, Europe and United state

Investment in Trading house

10% equity investment by world largest trading house

Comissioned non-IOC Storage Depots

Built and commissioned AfriCorp Petroleum “non-IOC” operated storage depots in West Africa – imposing icons!

Onshore marginal field acquisition in NIger Delta

Acquire major stake in an onshore marginal field located in the oil producing Niger Delta region, this will be followed by Offshore assets

Expansion to Asia

Expand operations into Asia and became the first non-major company to establish a trading company in Singapore

Expansion to Middle-East and North Africa

Expanded our business into the Middle East and North Africa through trading and storage operations in the United Arab Emirates

Expansion to Tanzania, Zambia and South Sudan

Commenced expansion into East Africa by establishing a trading office in Dar Es Salaam, Tanzania. Further expansion of business operations into Zambia and the Republic of South Sudan

Vessels Commissioning

Commission two LPG Vessels in keeping with commitment to enhance access to clean energy across Africa

AfriCorp's Branded Lubricants

AfriCorp Petroleum introduced its own brand of lubricants range

1000 Retail Outlets

AfriCorp reached a milestone by opening up 1,000 retail outlets

40% Stake Buyout

One of the world’s leading producing companies sign definitive agreement to acquire 40% stake in AfriCorp Petroleum

40% Stake Buyout completion

Complete 40% stake acquisition in AfriCorp Petroleum