How we began.
Where we are going.
2017
.
Trading Contract Agreement with Lukoil
Signed lubricant trading contract with Lukoil global brand in Russia
2023
.
Exclusive Distribution Agreement with Lukoil in Morocco
Signed exclusive distribution agreement for Nigeria and part of Africa with Lukoil in Morrocco
2024
.
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
2024
.
NMDPRA Lubricant Storage Permit
NMDPRA permission for storage and sales of lubricants in the country
2024
.
NMDPRA Petroleum Sales Permit
NMDPRA Permission to initiate sales and marketing of petroleum products in Nigeria
2024
.
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
2024
.
Private Limited Liability Company
Conversion to public liability company (PLC)
2025
.
Expansion to Angola
Extended our West Africa frontier to Luanda, Angola – with a resounding interest from the good people of Angola
2025
.
Lube Blending Plant Launch
Launch first Lube blending plant in Nigeria to support Africa market
2025
.
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
2025
.
Expansion in East Africa
Expand our footprint in East Africa by commencing operations in Nairobi, Kenya by establishment of office in Ethopia
2026
.
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
2027
.
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
2028
.
Investment in Trading house
10% equity investment by world largest trading house
2029
.
Comissioned non-IOC Storage Depots
Built and commissioned AfriCorp Petroleum “non-IOC” operated storage depots in West Africa – imposing icons!
2030
.
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
2031
.
Expansion to Asia
Expand operations into Asia and became the first non-major company to establish a trading company in Singapore
2032
.
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
2033
.
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
2034
.
Vessels Commissioning
Commission two LPG Vessels in keeping with commitment to enhance access to clean energy across Africa
2036
.
AfriCorp's Branded Lubricants
AfriCorp Petroleum introduced its own brand of lubricants range
2037
.
1000 Retail Outlets
AfriCorp reached a milestone by opening up 1,000 retail outlets
2038
.
40% Stake Buyout
One of the world’s leading producing companies sign definitive agreement to acquire 40% stake in AfriCorp Petroleum
2039
.
40% Stake Buyout completion
Complete 40% stake acquisition in AfriCorp Petroleum
