In this post, we explained Nigerian Oil & Gas Midstream sector business investment opportunities, the environment and suggest ways to penetrate into the market. Oil and Gas business investment opportunities in Nigeria is open to public/ private sector participations to all nationals of the world but with regulations from government body. What this mean is, you can come from any part of the world to invest in Nigerian Oil & Gas sector businesses and make good returns. Aziza Nigeria is your choice for business formation and support services in Nigeria.
What is Oil & Gas Midstream Sector?
The Nigeria oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. Natural gas pipeline networks aggregate gas from natural gas purification plants and deliver it to downstream customers, such as local utilities.
For example, the midstream sector may include natural gas processing plants that purify the raw natural gas as well as removing and producing elemental sulfur and natural gas liquids (NGL) as finished end-products. The oil and gas midstream investment opportunities in Nigeria is simply the oil and gas investment opportunities that the business activities revolves around the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. The pipelines and other transport systems that are used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors are all midstream investment. Contact Aziza Group for Oil & Gas Investment partnership/ collaborations.
How to Start Oil and Gas Investment
You will start with Oil & Gas company registration/ formation. Make sure you meet the prerequisite requirements at this registration stage. Registration of company or Incorporate of company in Nigeria is solely done by Corporate Affairs Commission (CAC). It takes a minimum of 4 – 14 days to complete. The minimum share capital is one (1) million share capitals for Nigerian citizens. There are some peculiarities.
For foreign citizens or company that want to start Oil and Gas Business in Nigeria, read our post on “how to start business in Nigeria as a foreigner” as there are some peculiarities with foreign ownership that you need to know. Also, feel free to Contact us for specific needs.
Major Section of Midstream Investment Opportunities
- Refineries & Petrochemicals
- Gas & Power
- Greenfield Refinery Initiative
- Engineering & Technology
- Renewable Energy
Each of the above listed major section of Midstream investment opportunities in Nigerian Oil & Gas contain hug business opportunities for investment. For example, the Engineering & Technology opportunities. Almost every pin as material used in Nigerian Oil & Gas industry are all imported and this leads to maintaining and to an extent operation of such equipment are man with external technology. Contact us Nigeria for Oil & Gas Regulatory Compliance & Business Support Services. Local Content Participation Local Content in the Nigerian Oil and Gas Sector is currently design to increase participation of Nigerians and indigenization. Foreigners and Nigerian citizens can now partner/ collaborate to herness the investment opportunities in Nigerian Oil & Gas.
The Local Content policy is a vital instrument aimed at facilitating and indigenizing the oil and gas industry, through the creation of national economic values through institutional measure. However, it is advisable that every investor (local or foreign) should understand the local content policy, the limits and the rules of engagements as it concerns Nigerian Oil and Gas business. Though the policy is to ensure the use of local manpower and resources to increase indigenization and foster sustainable development not only in the Oil and Gas sector but in Nigeria as a whole.