AfriCorp Petroleum’s global trading hub adds value by identifying opportunities in commodity trading and deploying bespoke strategies to reconcile gaps between supply and demand through logistics, storage, and processing.
Our team of brilliant traders around the globe leverage local knowledge thus providing logistical expertise to meet our customers’ requirements. The business has a superior track record of delivering strong performance backed by global financial institutions. The business has a strong risk management framework and the business model initiates physical commodity transactions while securing the margin through appropriate risk management.
AfriCorp Petroleum’s Group midstream focused business, engaged in the purchase, sale, transport and distribution of oil and natural Gas. Our portfolio of strategically located assets including an Natural Gas facility, gas processing, gathering and storage infrastructure, complemented by our Natural Gas marketing and distribution business segments provides complete Natural gas solutions to our customers.
AfriCorp Petroleum’s shall be instrumental in driving energy solutions through the commercialization of gas for power generation. Gas Trading is aimed at ensuring Sales to third Parties through Business to Business Joint Ventures and driving Gas Importation for sale in Africa.
AfriCorp Petroleum’s Gas Initiative shall also actively involved in the Nigerian Gas Master Plan Project through strategic investments in Central Gas Processing Facilities (CPF) Project. Through its partnership with the NNPC, NLNG an indigenous processing plants, AfriCorp Petroleum’s trades share of LPG and condensate from Nigeria LNG.
AfriCorp Petroleum’s is committed to supporting the achievement of African Union’s Agenda 63 by advancing various strategic partnerships on the African continent.
Our business is supported by long-term supply and demand contracts. Contract base includes, but is not limited to:
- Multi-year propane storage and throughput
- Multi-year propane sales contract(s)
- Keep dry propane contracts with two major refiners within the area
- Long term relationships with local refineries for butane balancing and processing (Normal & Isobutane)
- Long-term and spot business associated with the facilities in four states and marketing presence within nine states
- Strategic Natural Gas solutions provision throughout Africa Countries
KEY OPERATING HIGHLIGHTS
Diverse & Integrated Asset Base
- Complement marketing and distribution efforts within Nigeria and Africa LPG market
- Portfolio includes Natural gas/NGL processing, gathering, storage infrastructure, marketing and distribution business segments
Strategic Location
- Key assets positioned between major refining /processing hubs
- Represents good growth potential and breadth of scope for marketing and distribution of LPGs in Africa
Considerable Customer & Contract Base
- Revenues from long-term contracts are reinforced by lucrative spot business activities within surrounding region resulting in a balanced portfolio
- Business accessibility to a diverse set of high quality and top-tier counterparty base
Sizeable Logistical Fleet Support
- Dedicated logistics company providing logistical support for marketing efforts
Marketing and Distribution – Our marketing program offers total supply management, including physical storage, product exchanges, flexible pricing arrangements and hedging programs.
Terminals & Storage – Our strategic partnerships with Terminals and storage facilities help to support our marketing and distribution activities, as well as third party business.
Transportation – We are proud to provide primary transport operations for energy, which include pipelines to transport oil and natural gas to areas of need. This division supports company owned product hauling including LPGs, and Natural Gas, and is primed for growth potential with third party business.
We utilizes our key operating segments in order to offer a diverse array of services to its customers. We provide total transportation, terminalling, fractionation, sales and marketing and logistics services for the following:
- Propane, Butane, LPG Mix
- Crude Oil and Condensate
- Ethanol, Methanol, Biodiesel
- Petrochemical Feedstocks
- Specialty Chemicals for Oilfield Services
Marketing & Distribution
- Supports Marketing and distribution activities pertaining to LPG/Natural Gas
- Long term take or pay contracts for service related to pipelines/transport services
- Considerable geographical footprint throughout African Countries provides considerate market exposure
Terminals & Storage
- Engage in the purchase, sale and distribution of Natural gas and NGL primarily focus on Africa Countries
- Key processing facilities strategically located
- Strategically located to take advantage of Arbitrage marketing pricing from producers
Transportation
- Trucking territory spans Nigeria states with focus on African
- Primarily supports company owned product haling, however considerable growth potential for third party business
- Facilitate expanded customer partnerships around Marketing and Distribution
ADVANCED GAS COMMERCIALIZATION
AfriCorp Petroleum continues to pursue strategic partnerships that will contribute to the enhancement of transitional energy infrastructure across Africa. The Europe /American Business Venture has been established to support the International Trading Business and grow AfriCorp footprint globally.
As a leading physical natural gas marketer in Nigeria, AfriCorp Petroleum is proud of our reputation for reliability, stability and an unwavering commitment to customer service. Operating as the natural gas marketing arm, AfriCorp Petroleum is dedicated to evolving with the market, leveraging a robust financial foundation and decades of experience to meet customer needs.
WHOLESALE MARKETING
AfriCorp Petroleum is recognized as one of most efficient and reliable wholesale marketers for Midstream, with a physical asset focus that allows us to control costs and maintain efficiency at every stage. As a result, we have developed strong, long‐standing business relationships across the industry.
Producers look up to AfriCorp Petroleum, first, to provide a fair market value for their supply. We negotiate purchase agreements directly at the wellhead, moving assets to various markets and storage as needed, then on to wholesale customers across the Nigeria and African Countries, Additional sales at the retail level are structured through our partners. AfriCorp Petroleum builds transportation pipelines networks throughout the nation, assuring demand and strong pricing both today and in the future. Wholesale Customers, meanwhile, depend on a reliable supply of energy for their operations at a competitive price. Our goal is to become One of Nigeria leading natural gas suppliers across the nation. We are one of the largest privately held natural gas platforms, drawing from producers of all sizes throughout the major gas‐producing basins. Our performance and integrity in honoring commitments have set a new industry standard.
