Crude oil trading business plan

Legal expenses for obtaining licenses and permits as well as the accounting services software, P. Another thing to note is the purchase of OFF-OPEC oil is not immediately verifiable, although achieved through official channels if the crude oil seller is buying based on provisional lifting rights.

The same crude oil trading business plan applies crude oil trading business plan the crude oil seller; they could also default on their commitments. In view of that, our prices will conform to what is obtainable in the industry but will ensure that within the first 3 to 6 months our petroleum products are sold a little bit below the average prices when compared to other petroleum products production businesses in Nigeria.

Sometimes a conversation will go on for so long, only for the crude oil buyer to eventually not have the money to make payments. Completed Purchase of Insurance for the Business: In Progress Purchase of the needed crude oil processing equipment, furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: No doubt raising start — up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.

Let me know by leaving a comment below. Also, you have to be careful with the shipments, as there are many ways to get a far shorter supply of crude oil than requested.

Crude Oil & Products

Please note that this amount includes the salaries of all the staff for the first 3 month of operation. It is a low-key market where crude oil sellers real sellers now are selling crude oil products to refineries and resellers located all over the world.

After which the crude oil seller could either send a Corporate Offer or send the final contract. Other refined petroleum products Sales Forecast One thing is certain when it comes to crude oil refinery business, if your business is centrally positioned and easily accessible, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

You could easily get circumvented by the crude oil seller and crude oil buyer. N2 Million Second Fiscal Year-: Completed Opening Online Payment Platforms: In Progress Creating Awareness for the business both online and around the community: Lastly, time can be greatly wasted on the end of both the crude oil buyer and the crude oil seller.

Andrew Coppersmith and his immediate family members. Completed Leasing of a facility and construction of a small scale but standard crude oil refinery: In order to continue to be in business and grow, we must continue to sell our petroleum products to the available market which is why we will go all out to empower or sales and marketing team to deliver our corporate sales goals.

You can reach us through the contact form below. Leaving questions as to where the excessively produced barrels of crude oil actually goes to.

We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

We have been able to critically examine the crude oil refinery industry cum oil and gas industry and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast.

The large pool of fraudsters and illiterates posing as crude oil brokers makes it difficult for crude oil buyers to trust you. In the end, the successful execution of a purchase works with a crude oil seller who has connections with the right people in government.

Although in future they plan to welcome external investors, but for now, they do not intend to welcome any external business partners that is why he has decided to restrict the sourcing of the start — up capital to 3 major sources.

We hired experts who have a good understanding of the crude oil refinery industry cum oil and gas industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market for our petroleum products.

Please note that the above projection might be lower and at the same time it might be higher.

My oil trading business plan - Good or bad?

Finance is a very important factor when it comes to starting a business such as crude oil refinery business. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

Start — Up Expenditure Budget In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. The Complete Guide What are your thoughts on this complete guide on how to start a crude oil brokerage business in Nigeria?

Those who legitimately do this purchase the crude oil on Provisional Lifting Rights procedures, at a discount, and ship to the crude oil buyer at a discount. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.

Having a crude oil allocation means you have a fixed allocation issued to you for a fixed amount of time. Nigeria, being a part of OPEC, must always conform with the rules and regulations of the international body, and as such, has a standard limit they must always produce and sell. Our Pricing Strategy When it comes to pricing for products such as petroleum products, there are no hard and fast rules, the prices are based on per liter or the container in which the petroleum products are placed in.Crude Oil Refinery Business Plan – SALES AND MARKETING STRATEGY.

Sources of Income; Seven Seas Oil & Gas, Inc. is established with the aim of maximizing profits in the crude oil refinery industry cum oil and gas industry both in the United States of America and throughout the world. With the above in mind, let’s now look at the steps involved in starting a crude oil brokerage business.

A Sample Crude Oil Refinery Business Plan Template

How to Start a Crude Oil Brokerage Business – Sample Business Plan Template. 1. Learn the basics of the business. The first step you should take is to learn the various terminologies used in the crude oil trade.

Here is the business plan and complete guide on how to start a crude oil brokerage business in Nigeria. StartupTipsDaily Small business ideas, business plans, & tips for African entrepreneurs to start, run, & grow successful businesses.

Trading – Finding business opportunities arising from differences between supply and demand around the globe. Purchase and sale of crude oil and products from and to third parties on physical and financial markets. Esfahan Oil Refining Company (EORC) in splendid years of EORC is proud to refineBPD crude oil and produce valuable products such as L.P.G, gasoline, kerosene, gas oil, and under process and consideration, the business program of the.

3. Dec 08,  · Well, in all honesty, there is a big difference between the futures market, and buying and storing the crude oil. For one thing, and probably the most important, in the futures market, the timing is something that one specifies up front, at the initial trade.

Crude oil trading business plan
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