Define your business model You need to be clear from the outset as to whether you will be operating within the upstream, midstream, or downstream sector. The upstream sector The midstream sector The downstream sector All the sectors are very lucrative, and each has its own fair share of market players.
Learn the basics of the business The first step you should take is to learn the various terminologies used in the crude oil trade.
Crude oil brokerage simply involves scouting for buyers and end users of crude oil products on behalf of one or more major independent petroleum products marketers that you have already established a sales contract with.
Buy and install the necessary equipment 7. This classic maritime sales term means that the seller must load the goods oil trading business plan board the ship nominated by the buyer.
This refers to a situation where the buyer hires his own vessel and uses the same to purchase products from the seller.
With hard work, diligence, and proper implementation of working market tactics, you will start raking huge profits soon after starting your crude oil brokerage business. Convincing sellers to buy from the marketer you are promoting is not an easy task, as most consumers are skeptical.
Market your oil and gas business We did not go into specific details regarding choosing a location, buying equipment, hiring employees, and marketing your business because how you will implement each of these steps depends on the sector of the oil and gas industry you have chosen to operate in.
For example, the ideal location, required equipment, and suitable employees for a company operating in the upstream sector will differ from those of a company operating within the downstream sector.
In addition, an extensive research of the market will help you know the required startup costs, required equipment, competition, strategies for success and other relevant information about the business. Do you need a sample oil and gas business plan template?
Not only will your business plan guide you through the processes of starting and growing your business, but it will also come in handy when you need to procure startup funding from investorsventure capitalists, and loan-issuing institutions.
Although several products are made from crude oil, only four of them are in huge demand. It comprises three sectors: For example, if you are able to connect a buyer who needs 30, liters of AGO or DPK with a marketer who has agreed to pay you a commission of 50k per liter, you will earn N15, from that deal alone.
But if you are able to land a number of large-scale consumers, you could become rich overnight. You can search the web for reputable major oil marketers around you.
And since you are planning to join this market as a new player, you need to conduct extensive research to understand the intricacies of the market and pitfalls or challenges that new entrants are likely to encounter. To make a well-informed decision, you might need to gather more information about the requirements as well as the pros and cons of each and figure out which seems most suitable for you.
The midstream sector entails transportation, storage, and wholesale marketing or crude or refined petroleum products. Oil and gas production is serious business, so you need to invest lots of money, time, and effort to succeed in the long term. The oil and gas industry is one of the most lucrative industries in any economy.
Activities in this sector are aimed at moving crude oil from the site where it is drawn to refineries where it will be processed into the various petroleum products.
Do you live in an oil rich region like Nigeria, Angola, Kuwait, United States, Saudi Arabia, Iraq, etc; and you want to legally tap into the lucrative business opportunities in the oil and gas industry? Most consumers will be reluctant to buy through you at first, but you can lure them into doing that by offering a slightly lower price than what their current oil suppliers are offering.
Market research There is much more to learn and understand about the oil and gas industry than meets the eye. Your business plan includes the goals and objectives of your business, required startup costs, operation plan and cost, market analysis and competition, projected income over the first few years, marketing strategy, unique selling point, exit strategy, and other vital information about your business.
This way, you can make money without investing anything except the time spent in scouting for buyers. And that might just be your gateway into bigger oil businesses.Visigoth Imports, Inc.
import export business plan executive summary. Visigoth Imports, a start-up brokerage, will facilitate Washington State retail shops importing Germanic gift items, and co-op organic farms exporting fruit to Europe.4/5(36). Involved in various commodity trading and physical projects serves customers throughout the oil patch of Louisiana and Texas as well as in Canada, Mexico, and in the Gulf of Mexico.
The Company’s customer base of over accounts consists of major ENGT Business Plan Page 8.
JÖNKÖPING INTERNATIONAL BUSINESS SCHOOL JÖNKÖPING UNIVERSITY BUSINESS PLAN (Import, Export and Car Trading Company) MASTER THESIS IN ENTREPRENEURIAL MANAGEMENT Author: Fred Tanyi Besong. Sample Business Plan of Oil & Gas project prepared by Wanda Halpert for Concord Business Plans.
killarney10mile.com Concord Sample Business Plan - Oil & Gas Published on Jul 3, Dec 08, · I was recently thinking about the rapidly increasing price of oil and then it hit me. Maybe I can buy oil at a certain rate, store it and sell it when the.
Esfahan Oil Refining Company (EORC) in splendid years of Islamic revolution with the collaboration of its experts and artisans, the business program of the.
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