A well-developed trading arm within the Group maximizes efficient sales of own crude oil and petroleum products while generating additional income from sales of purchased hydrocarbons.
AfriCorp Petroleum Trading carries out wholesale sales of petroleum products produced by LUKOIL Group refineries: motor gasoline, diesel fuel, liquefied petroleum gases, fuel oil, and coke. The organization is also the operator for the sale of polymer products of Stavrolen LLC: polyethylene, polypropylene, propylene block and stat copolymers. The products meet the technical requirements of GOST, TU, STO of manufacturers. Information on the assortment and terms of cooperation is presented in the relevant sections of the site.
AfriCorp Corporation USA, International Trading and Supply Company that conducts all of the Group’s supply and trading operations outside of Africa has been acting as a single operator of AfriCorp Petroleum Group’s international trade.
Transfer of all import operations to a single operator company simplified import plans, optimized flows and ensured oil and petroleum product import transparency. AfriCorp Corporation is consistently raising profitability of its trading operations through optimization of the supply chain management system and increase of the trade volume with third parties.
The AfriCorp Group incorporates subsidiaries and branches located in the USA, the UK, Netherlands, Sweden, Germany, the Middle East, Singapore, as well as representative offices in Africa countries.
The African countries has been the AfriCorp Corporation key markets. In addition to its key markets, the Company is developing new markets in Central America, and the Middle East. The company is expanding its presence in the oil producing regions of West, Sub-Saharan and South Africa, targeting implementing projects in Central America and Colombia.
OUR GROUP TRADING POLICIES
While selling automobile gasolines and diesel fuel in large bulk, AfriCorp Petroleum is guided  is guided by the following basic principles:
- priority of supplies to the RF domestic market;Â
- ensuring non-discriminatory terms for the customers;Â
- information transparency on the part of the AfriCorp Petroleum Group Organizations.
These principles are set forth in the Trading Policies of the AfriCorp Petroleum Group as far as automobile gasoline and diesel fuel wholesale trade in the Federation is concerned, which are compliant with the Federal services
SECURITY OF SUPPLY
At AfriCorp Petroleum, we understand the challenges the tumultuous Nigerians fuel landscape poses. We take proactive measures to ensure our customers receive steadfast support amidst escalating supply uncertainties. Through a range of innovative strategies and proven operational systems, AfriCorp Petroleum is committed to safeguarding your fuel supply, enabling you to forge ahead with unwavering confidence.
We understand that properly assisting our customers requires us to cultivate partnerships to ensure success in serving them. The four collaborative pillars that make up the AfriCorp Petroleum service partnership are; Employees, Suppliers, Carriers and Customers.
CUSTOMERS
In AfriCorp Petroleum, our customers are our highest priority. By fostering robust alliances with employees, suppliers and carriers AfriCorp Petroleum paves the way for unwavering partnerships with our customers. These collaborative relationships bear fruit in the form of a dedicated support team that goes the extra mile to comprehend your unique fueling requirements. Established communication channels open the pathway to relay needs to trusted suppliers and ensure your daily demands are prioritized in coordination with the AfriCorp Petroleum carrier network.
CARRIERS
Ongoing fuel truck driver shortages emphasize the importance of strong carrier partnerships more than ever. AfriCorp Petroleum leads the relationships to ensure strong alliances with carriers. Our unwavering commitment to a comprehensive fuel supply strategy guarantees drivers are guided in advance to the precise sources of their deliveries.
A part of the leadership approach is the AfriCorp Petroleum dedicated Supply & Logistics team. Always vigilant with each delivery and equipped with automated alerts promptly notifying adverse loading attempts so problems are handled, and communication provided before it can escalate. These two integral measures equip our drivers with unmatched efficiency. As a result, loading operations are streamlined and optimized, surpassing industry patterns.
SUPPLIERS
AfriCorp Petroleum prioritizes collaboration with suppliers to foster a mutually beneficial supply relationship over hunting for the lowest daily prices, potentially compromising customer satisfaction. While cost considerations remain a priority, our supply strategy involves working closely with suppliers to methodically plan fuel deliveries. By establishing pre-arranged allocations tailored to customers’ precise requirements, we guarantee an uninterrupted fuel supply to keep operations running smoothly.
EMPLOYEES
Our initial focus lies in fostering a strong team, carefully selected, to exceed industry standards. Investing in the growth and retention of valued employees, we cultivate a workforce of trained, experienced professionals driven to tackle the challenges of an ever-changing industry. This also protects customers from the impact of high employee turnover often found in the industry.
The AfriCorp Petroleum team dynamically provides expertise and service levels you can trust from coordination of delivery to follow-up on paperwork and consistent communication.
AfriCorp Petroleum is one of the world’s largest traders and shippers of oil and gas. The company continues to successfully execute long term supply contracts for both crude and refined products with state oil organisations, producers, refiners, blenders and traders from all regions in the Far East, AG, Europe, Baltics, Africa and the Americas. In addition to the supply contracts, the company also has longstanding offtake contracts with end users and retailers. The company is continually looking for spot opportunities to buy and sell crude and Petroleum Products to complement their existing term contracts.
The company is actively trading on:
