Business Ideas in the Oil and Gas Industry

The oil and gas sector in Nigeria is valued as one of the top 8 crude oil exporting industries in the world and the sector has created millions of jobs over the decades for both Nigerians and expatriates. Although the global tides are slowly drifting away from oil as a source of energy, the industry remains a massive money-spinner for all categories of entrepreneurs

It should be noted that that the oil and gas industry is strictly regulated, so you could be faced with challenges of getting licensed or accreditation. In Nigeria, you will have to scale the hurdles of getting licenses and approvals from NNPC, CAC (Corporate Affairs Commission), PPPRA (Petroleum Products Price Regulatory Agency), DPR (Department of Petroleum Resources), before you can venture into the oil and gas business.

The oil and gas sector is one of the most strictly regulated industry, but probably the most profitable and risky. In fact, crude oil or petroleum and its derivatives are essential commodities that are consumed on daily basis. Despite the  demands for the adoption of alternative renewable energy resources, oil still remains the number one because 99.99% of all vehicles and machines use either PMS (Petrol) or AGO (Diesel). So the demand for petroleum products would still be on the increase even in the future except a different kind of  renewable energy is invented.

If you are interested in starting a business in the oil and gas industry in Nigeria but dont know how and where to start, you will definitely find this information useful. Many entrepreneurs know that the Oil and Gas business is very lucrative in Nigeria but they don’t have the money to start because they think it’s capital intensive. Let us  uncover some great and lucrative opportunities in the oil and gas industry in Nigeria that requires small or no capital to start.

In fact, crude oil or petroleum and its derivatives are essential commodities that are consumed on daily basis. Despite the demands for the adoption of alternative renewable energy resources, oil still remains the number one because 99.99% of all vehicles and machines use either PMS (Petrol) or AGO (Diesel). So, the demand for petroleum products would still be on the increase even in the future except a different kind of renewable energy is invented. Starting a business in the oil and gas industry is a very profitable venture, many have made millions and others have even become billionaires.

The trainings are mostly conducted by self employed master-craft-men and women in the Oil and Gas  Sector.

After completing a training program, a certificate of participation would be issued to the attendees, verifying their attendance and involvement in the Practical Training.

After the training you have the option of marketing your product and services through the social media platform

Digital marketing has become an essential part of contemporary business operations in Nigeria. With the proliferation of internet-enabled devices and social media platforms, businesses can now reach a wider audience than ever before. Digital marketing involves creating and sharing content through digital media channels to promote brands, sell products or services, and engage with customers. In Nigeria, digital marketing has evolved significantly in recent years, and businesses are leveraging various digital channels to reach their target audiences.

After the practical training our in house digital marketing expert will assist you and take your new Business to the next level this will presents a significant opportunity for your company to reach a large and growing audience.

There isn’t any need of becoming a resident in Nigeria, USA, Saudi-Arabia or any other oil producing country to take advantage of this opportunity. You won’t need to have big capital before you can be an oil merchant, as there are many profitable but low startup capital services that you can render in the oil and gas industry. What you need is the desire for success, and the nitty-gritty of the business before starting.

Nigeria’s oil and gas industry remains a lucrative and viable investment opportunity, as observers believe that the oil and gas sector will continue to offer opportunities for marketing essential capital equipment and technology, for both extraction and production. 

Petrochemical Business		with the right investment and support, the petrochemicals production industry in Nigeria and has significant potential for growth and profitability. The demand for petrochemicals products is expected to grow significantly in the coming years, driven by population growth, urbanization, and industrializationPetrochemical
Diesel Supply Business		The profit margins that businesses who supply to tank farms usually make from their supplies are usually about 5 to 10 Naira per liter, and the tank farms make a profit of that range too. While it may seem little, tank farm supplies usually run into millions of liters, and 5 million liters at a profit margin of 5 Naira is about 25 million Naira.Dieselsupply
Oil Spill Cleaning Service		The Oil Spill Cleaning Business in Nigeria   presents an opportunity for entrepreneurs to provide solutions to the environmental and economic impact of oil spills. The demand for these services is expected to increase as governments and oil companies seek to minimize the impact of oil spills on the environment and communities.Oilspill
Low Pour Fuel Oil(LPFO) Supply Business		The Low Pour Fuel Oil (LPFO) supply business presents numerous opportunities for investors and entrepreneurs in Nigeria and Africa. With the growing demand for LPFO both locally and globally, the market is ripe for investment, and the government is putting in place policies to support the industry’s growthLPFObiz
Crude Oil Refinnery		The crude oil refinery business is a lucrative venture in Nigeria , due to the abundance of crude oil in the region. The business offers numerous benefits to both the economy and the investors, including job creation, revenue generation, and increased industrialization.Crudeoil
crude Oil Brokerage Business		Crude oil brokerage is one of the most profitable oil and gas segments for entrepreneurs who have no money to venture into the trade. Since it involves arranging a transaction for a commission of about $1 per barrel, it makes it an excessively lucrative venture for crude oil brokers who land major crude oil supply contracts.Crudebroker
Oil Tank Farm Depo Business		The Oil Tank Farm Depot Business in Nigeria  has great potential due to the increasing demand for petroleum products globally, the abundance of petroleum resources in Nigeria, and the country’s established export market.Tankfarmdepobiz
Scrap Vessel Business		Statistics indicate a steady increase in global shipbreaking activities, driven by the need for ship recycling and environmental compliance. Nigeria, with its vast coastline and shipping industry, has emerged as a prominent player in the scrap vessel market. The country’s strategic location and robust infrastructure make it an attractive destination for ship recycling.Scrapvessel
Kerosene Supply Business		kerosene supply business in Nigeria  offers a viable investment opportunity that can help entrepreneurs and investors create wealth and contribute to the economic development of the Country. With the right approach and adequate resources, the kerosene supply business can be a profitable and sustainable venture.Kerosenesupply
International Shipping Company		To operate successfully in the international shipping industry, these companies require extensive knowledge and expertise in various areas such as customs regulations, transportation laws, and international trade policies. They invest in research and technology to optimize their services and improve operational efficiency.Intershipping
PMS Supply Business		The demand for gasoline in Africa is also on the increase due to population growth, urbanization, and industrialization. It is projected that by 2040, gasoline demand in Africa will exceed 1.1 million barrels per day. This presents a huge opportunity for entrepreneurs to invest in the PMS supply business.PMSBiz
Oil Vessel Charter Business		The Oil Vessel Charter business in Nigeria presents a lucrative opportunity for investors and plays a vital role in the oil and gas industry. With proper management and strategic planning, the business can thrive and contribute significantly to the growth of the economyOilvesselCharterbi
Aviation Fueling		The global demand for jet fuel is primarily driven by the growth of the aviation industry. According to the International Air Transport Association (IATA), the number of air passengers is expected to double by 2037, which will lead to an increase in demand for jet fuel. The demand for jet fuel is also influenced by economic growth, geopolitical tensionsAviationfuel
Oil and Gas Exploration and Drilling Business		The export opportunity for oil and gas exploration companies in Nigeria and Africa is vast, with crude oil and natural gas being the primary export commodities. The export of crude oil and natural gas accounts for a significant portion of Nigeria’s export earningsOilnGas
Bunker  Fuel Trading		The demand for bunker fuel in Nigeria is primarily driven by the shipping industry, encompassing both domestic and international vessels. Nigeria’s oil and gas sector also plays a significant role in the country’s bunker fuel consumption, given the presence of oil rigs and support vessels in the region.Bunkerfuel