US shale oil deposits: Two trillion barrels of crude oil

This may sound like a fiction story but it is true! While total world resources of oil shale are conservatively estimated at 2.6 trillion barrels, US sits on close to two trillion barrels of crude. Possibly more than all the crude than was ever produced worldwide since petroleum age began.

The Green River Shale Formation encompassing the States of Colorado, Utah and Wyoming was first discovered in 1924. This famous shale formation covers tens of thousands of square miles. It is found in three different ancient lake basins. The layers of sediment in this formation stretch undisturbed for many miles.

This shale is a soft sedimentary rock that readily fractures into layers, composed of minute particles of clay, which may easily be removed. It was formed from multi layers through erosion. There are 40 million layers in one part of this formation. Deposits within these layers are fossilized plant, animal life and algae, which has turned over millions of years into kerogen. Some claims have been made that this was formed from the Great Flood of Biblical times. Geologists say that this formation was formed through countless floods perhaps through 500 to 700 millions of years.

There are two conventional approaches to oil shale processing. In one, the shale is fractured and heated to obtain gases and liquids by wells. The second is by mining, transporting, and heating the shale to about 450oC, adding hydrogen to the resulting product, and disposing of and stabilizing the waste. Both processes use considerable water. The total energy and water requirements together with environmental and monetary costs have so far made production uneconomic. During the oil crisis of the 1970's, major oil companies spent several billion dollars in various unsuccessful attempts to commercially extract shale oil.

After initial attempts proved to be too expensive and were shelved some ten years ago, a host of energy companies are revisiting technologies to successfully extract kerogen from shale and economically turn it into crude oil. Participating giant Shell Oil representative, Terry O'Cannon states, "We try to keep them from speculating too much and keep expectations low because we don't know if this technology will be successful and viable in the long term."

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WTI edging on Brent Crude Oil?

With the new Seaway pipeline, WTI crude oil will flow more freely from Cushing to the cost refineries.

WTI vs Brent- which is the better benchmark? Or, perhaps what is WTI and what is Brent? Primarily, there are two types of crude oil traded in the international markets (three really, but two majors): WTI (West Texas Intermediate) and Brent.

WTI used as a benchmark in determining oil prices, is crude oil of high quality. The spot price is fixed at Cushing, Oklahoma. WTI is lighter than Brent crude, has lower sulfur content- comparatively-and produces more oil during the refining process. With lesser sulfur, easier is the refining, and lesser the environmental effects on the planet (WTI has .24 % sulfur, while the sulfur content of heavy crude oil, like the one from Venezuela's Orinoco Belt, is as high as 4.5 %. A reason why many people love this benchmark.) To be noted, though: WTI is more important in- and is-limited to the US, probably because WTI is produced and refined within the US.

Brent is the real international benchmark. Two-third of the oil consumed in the US is Brent, and two-third of international crude is priced to it. (Brent crude is sourced from fifteen oil fields in the North Sea.) Still the media and market persist in quoting WTI, rather. This is a US singularity, like the non-adoption of the metric system.

First, to a bit of history: In April 2007, with the shutdown of Valero Energy Corp.'s McKee refinery, Sunray, Texas, the oil inventories surged to 27 million barrels. The huge stock pile brought down the price of WTI crude-an artificial scenario, as it was more of a technical glitch. Consequently, a report released by Lehman Brothers Inc. (now defunct) stated that the WTI could no longer be used to gauge the international oil market. Though useful for future oil pricing, the benchmark had 'lost its utility' for near-term pricing, the report said. By 2009 Saudi Arabia, the second largest oil exporter in the world, had stopped using WTI as a price benchmark for their oil.

Back to the present, and to answer the question: Yes, the oil price of Brent and WTI exist in parallel universe, with WTI lagging behind Brent. Why? Oversupply of crude in the Midwest. With Canadian imports, and increased oil production in North Dakota, the Midwest gets more oil, which stagnates. In other words, there is a huge bottleneck in moving oil of Cushing. The physical delivery point for New York Mercantile Exchange (NYMEX) futures contracts, Cushing has the largest storage capacity in the US. In 2009 Cushing had shell capacity of 16.3 mmb and working capacity of 37 mmb. According to the US Department of Energy, the shell crude storage by the end of March 2011 was put at 57.9 mmb, while the working storage capacity stood at 48.0 mmb. So, fewer pipelines out of Cushing mean more storage, which in turn, translates to lower oil prices, with excess oil (when compared to Brent).

Lately, though, WTI has been catching up on Brent, here's why: a new Seaway pipeline, moving oil from Cushing to the Gulf coast. Come April 2012, more of WTI crude oil would arrive in the Gulf coast. Initial estimate indicate 150,000 barrels of crude arriving in the Gulf coast every day (after regulatory approval), increasing to over 400,000 barrels per day by 2013. With the given evidence, looks like WTI is closing in on Brent

With Enbridge Holdings, LLC, the subsidiary of the Canadian company Enbridge, Inc., buying fifty percent of ConocoPhillips' interest in the Seaway Crude Pipeline Company (SCPC), things are moving fast. According to Patrick Daniel, President and CEO of Enbridge, Inc., "A Seaway reversal will provide capacity to move secure, reliable supply to Texas Gulf Coast refineries, offsetting supplies of imported crude."

With the Seaway pipeline reversal, there's renewed interest among investors. Already, JP Morgan has increased the WTI forecast to $110/bbl in 2012 from $97.50 forecast in October, and to $118 in 2013 from the initial forecast of $114.25. At oil-price.net, our 2013 forecast stands at $117. Further, the Brent-WTI spread is expected to narrow to $5 per barrel in 2012 and $3 per barrel in 2013. (On September 22, the WTI-Brent spread had reached $29.50). (Earlier this year, Bernstein and Barclays' estimated the Brent-WTI spread at $5 in advantage of Brent). Meanwhile RBC Capital revised its WTI outlook, from $90 per barrel to $100 in 2012 to and $160 in 2013 (from $100 per barrel )- while keeping the forecast for Brent prices the same. Also even if more oil arrives from Canada and North Dakota, the excess oil can be shipped through trucks and rails or with added pipelines.

These pipelines, though, may not be enough if the Keystone XL pipeline is brought into the equation. Shale oil production is increasing in Canada, and the Keystone XL pipeline would give the Canadian oil more access to the refineries in the gulf coast. But considering the opposition from environmental groups, and delay in government approval for the pipeline itself, the excess crude is still far away in the future.

For now: If huge speculation has kept Brent prices artificially higher, the focus has shifted. Indeed, the logistics seems clear, but then oil prices depend on other ground factors and market fundamentals as well. Yet, looks like WTI is closing in, and it would be interesting to observe the WTI-Brent spread in the coming days.

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Different Types Of Crude Oil

Types Of Crude Oil

A lot people arbitrarily converse about oil not knowing oil is not a solitary, indistinguishably the same substance without the basic knowledge of any distinctive differentiation, but it is really not the situation in the least! In reality, you'll find quite a few various types of oil. In its healthy, unrefined form, crude oil or oil has ranges in density &  from very or fairly thin, light in weight & volatile liquid to an incredibly thick, semi-stable heavy weight crude oil.
There is certainly also a great gradation inside colour which the oil derived bellow sea level exhibits, ranging from a fairly, golden yellow  and to its very deepest black imaginable.

For your goal of possessing a arranged, agreed upon “Terms,” the petroleum sector generally utilizes references pertaining to “Geographical Areas” so as to descriptively give crude oil classfication.
This complements undeniable fact that Crud oil from diverse geographical locations naturally have got its personal very exceptional attributes. This oil ranges from one part to another when it is pertaining to viscosity, volatility & toxicity.

The expression “viscosity” means  oil resistance to flow. Larger viscosity oil is a lot more tough to pull  underground/ bellow sea level, transport & refine.

The name “volatility” defines how quickly and easily the oil disappear  in the air. Oil which can be naturally extremely volatile need to have additional work to be certain about temperature regulation & the sealing procedures  get loose as small oil as it can.

The word “toxicity” defines how dangerously toxic the oil and its refining methods are to neighborhood life, from human beings, to flora & fauna in addition to other environmentally  insubstantial existing entities & organisms. If crude oil spill arise, each and every sort of crude oil  or oil presents requires special “clean up” issues, methods & priorities!

The 4 major forms of Crude oil are:

1. Pretty Light crude Oil / Light Distillates, this involve: Gasoline,Jet Fuel, Virgin Naphtha, Kerosene, Petroleum Ether, Virgin Naphtha, Petroleum  Premium Spirit, & Petroleum Naphtha. This category of oil have a tendency for being extremely volatile & it can evaporate in the air just a few days or nights, which easily diffuses & decreases toxicity ranges.

2. Light Crude Oil / Middle/Semi Distillates which involve the following: Most 1st and 2nd class Fuel Oils & Diesel Fuel Oil too as Most local Fuels & very Light Marine Gas or Oils. This category of oil is moderately volatile, significantly less evaporative & moderately poisonous.

3. Medium Oils: Almost all crude oil at the marketplace rcently falls onto this main category. Minimal volatility helps make for messier and additional complicated “clear ups” & when it on its improved toxicity levels, You can imagine or live extended life enough to determine what “this Medium Crude Oil” spills can do towards the community ocean lifestyle around the sea.

4. Heavy Crude Oil: This include the following, heavy crude oils,  (Oil Bunker B and C) & Grade 3,4,5,6 6 Fuel Oil in addition as Intermediate & Heavy Marine Fuels.  The above oils there exists very gradual and minor evaporation and thus toxicity is really highly improved. This not just implies potentially serious toxic for fish, fowl & fur creatures, but feasible “long lasting” intoxication of water & soil.

Actually, you will find really over 160 diverse oil traded on the current crude oil market recently, for simplicity’s sake, allow the discussion of the 3 primary oil that get critical attention of the masses or news & Crude oil markets.

Crude Oil Terms

West Texas Intermediate: The WTI can be really prime quality oil that can be greatly valued with the indisputable point that it truly is of this kind of premium excellent, far more & far better gasoline is often refined from one sole barrel more than from other sorts of oil available at the crude oil market place.

The West Texas Intermediate “API Gravity”  has 39.6C/degrees, which helps make it a  sweet “light” crude oil, that has only 0.24%  sulfur, which helps make it a “cool” crude oil. Expression “API Gravity” means “American Petroleum Institute, which the measure of comparing how very light /heavy an oil/crude oil  really is in respect to drinking water. If any oil “API ” is higher than 10 this implies that it is really lighter than mineral water & float or flow easily on it. If any oil “American Petroleum Institute Gravity” is much less than ten, it's heavier than drinking water & will sink.

These combined characteristics likewise as location makes WTI the main oil/crude  oil being refined within the U.S, which can be significantly, the biggest gasoline consuming place on our Planet. The vast bulk of WTI oil/crude oil are mostly refined in the Midwest & Gulf Coast area. Even with the production of  most WTI oil decline, WTI is frequently priced from $5- $7 increased for every barrel more than “the OPEC Basket” crude oil & on an average of $1 - $2 per barrel more than “Brent Blend”crude oil.

Brent is basically a blend of distinct oils from about 15 fields all over Scottish Brent & Ninian systems found inside the North Sea. The “American Petroleum Institute Gravity” is equal to 38.3C/ degrees, which helps make it  is a “light” oil or Crude oil, however, not very “light” as WTI. It contains 0.37% sulfur, that makes it “cool” oil, but once again, not  as “cool” than WTI.

Brent Blend, this is exceptional for producing gasoline & Middle distillates, the two of which can be utilized in huge quantities in North western Europe, this is  where Brent oil is quite frequently refined. Brent manufacturing, a lot like the one of WTI, keeps declining, nevertheless it remains the main benchmark for oil in Europe and Africa. Brent oil cost is frequently priced at  $4 more for each barrel compared with OPEC price.

OPEC oil can be a collective of seven distinct crude oil from Nigeria, Algeria, Indonesia, Dubai', Venezuela, Saudi Arabia as well as the Mexican Ismathuss. The full meaning of OPEC is “Organization of Petroleum Exporting Countries” that is a corporation that was founded in  the year 1960 so as to make some prevalent procedure with the manufacturing & selling of oil in its jurisdiction.

 OPEC oil features a very much larger % of sulfur in its pure make-up & for that reason is just not practically as “cool” as WTI as well as Brent Blend & because it really is not as natural as “light” at the same time, the selling prices of OPEC crude oil are typically persistently lower than possibly Brent or WTI. Nevertheless, OPEC’s willingness or capacity to quickly boost manufacturing when essential can make OPEC a constant “Major Participant” from the oil sector!

GENUINE NIGERIA CRUDE OIL SALES PROCEDURE

We know you might find the message below very long but its from our direct seller. we deal directly with this seller although we have access to other sellers who have different procedures and think they can get a buyer loaded vessels. now, our direct seller authoritatively told us that there are no loaded cargo anywhere to choose and pick. all loaded vessels are financially committed to a buyer.

NNPC has more than 30 vessels in the high seas between Cameroon/republic of Benin/Togo/Ghana international waters NNPC loads many vessels a day from their various terminals . so you must expect buyer’s vessels from normal monthly routine OPEC allocation lifters & jvo lifting to send their vessels to be around the terminals in Nigeria. some are loaded and some are not. the loaded ones are either waiting for documentations from NNPC, or waiting for bunker in readiness to sail out.- while the empty ones are waiting to be called in for loading or to be programmed for loading. it may look like a supermarket display but they are not. so, you cannot shop around them. reason??? they are very heavily guarded and window shopping is fraud!!!! you cannot go near to pick , and choose. each of those vessels are chartered by a buyer or NNPC & has minimum of 30 people on board each .

Be warned: there is no vessel park anywhere in the high sea.

It is purely a futile exercise to start looking for any docs on these vessels,q88, crew list, cargo docs e.t.c. because a charter had been placed on them before setting to sail to nigeria. you cannot call a vessel you do not own, or a vessel you have not chartered. this is why the fraudsters have a chance on gullible and unsuspecting buyers. the only authority that can tell you the status of each vessel is the bonny terminal, where they all report to days ahead -before entering Nigerian waters. scammers do get some cargo docs from unscrupulous terminal staff even after the vessels have sailed out of Nigerian waters, or from shipping agents or sometimes manufacture them from computers to defraud ignorant buyers . as at today, there are more than 45 vessels around but none and i repeat none!!!! is on display and any cargo docs including sgs not authorized from the terminal are fake…..

So one needs to be very careful.. it is impossible to go near any of those vessels without problem with Nigerian navy that oversees the security of the waters. 99% of the cargoes in the vessel have owners. and there is no short cut to the selling process.

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You cannot but pass through NNPC for any information and documentations on each of those vessels---- no short cut!!!!!!!!!!! my advise is, if you need any cargo documents, and this include sgs report -, it is only NNPC that can point those vessel to be used for spot deals, and you

must be committed financially or with instrument before you can get what you need. it is not a coupon paper and it is not free it is not an issue of what was photographed in the high seas at Cotonou/Togo/Cameroon/Ghana.

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again as stated in the mail below, buyer’s request is unending. this is 100% fact, because since loaded vessels are documented in a buyer’s name and questions must be asked why it is been re-sold, and you can never confirm it with NNPC- because you have no locus standi to be answered by any official unless you paid for yours.

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From the above what buyers need is the cargo content and not the vessel my advise is follow due process and you will get cargo direct from us on TTO/TTT through NNPC, but it will be impossible to confirm the vessels as they are all under charter from buyers or NNPC fleet. you can also get cif---

It all depends on what you want for your buyer.  Remember, without commitment, forget internet and seaman's information. you either do pay as you go –to get cargo documented in your buyer's name before the vessel sails out to your q an q location for inspection under cover of NNPC , or you out-rightly issue instrument to us to give you cargo on any lift you desire, fresh or loaded.

thanks nb: harbor master in Cotonou has no business with cargo but vessels in case of emergency as maritime responsibility demands, on safety and national security. it is very difficult, if not impossible, to get an OPEC allocation. the truth is that all allocations are sold out. your best bet is with NNPC-jvo (joint venture operations), and your POF (proof of funds) or acceptable instrument must be established before anything, as a first step. n.b: POF (proof of funds)=POP (proof of product) bond issuance banking and performance bond upfront.

performance bond is meant to compensate and guarantee buyer against non performance in contract and loss of money incurred against issuance of payment instrument. in this industry and according to iicc-2000, buyer is mandated to give proof of funds and show his financial capability before POP is issued in his favor. it is very abnormal in any contract for a buyer who has not shown his financial capability to demand for performance bond upfront .- to bond what?????

how can a seller be asked to issue pb upfront??? when the bond is supposed to activate a non operative instrument, which in this case will be non existent. the verbiage of pb must be related to the non operative instrument of buyer –with details of transaction and services. it is instructive to note that hence the signed contract will be deposited at the bank of seller and buyer, banking responsibility demands that communication between seller and buyer’s account officers can clarify and affirm the seller’s ability of placing the bond whilst the buyer is establishing his instrument.

We are of a strong opinion that it is only brokers or intermediary with ignorance of banking regulations that will be asking for this, only for an ulterior motive and a selfish reason, and not a genuine demand from a financially capable serious buyer. finally, seller does not and cannot issue a performance bond upfront for the following reasons:

1) It is meant to activate an original and existing instrument

2) The documentation will be incomplete because details of main l/c must be stated

3) It can be used for fraud if vital information are not stated

4) Seller’s contract in this regard is non negotiable.

5) It is inappropriate and irregular in banking operations. i have attached seller procedure in this mail as well as the discounts. please note that as far the discount stated in the offer are concerned,

***the buyer must issue loi (letter of intent) stating that they have agreed to the procedures and are ready to sign a contract. this is the only way the spa (sale and purchase agreement) will be released.

WRITTEN BY

 ABAYOMI OLATUNBOSUN &

JUBRIL SMITH

FASTEST GROWING BUSINESS TO INVEST IN NIGERIA (PETROL STATIONS FOR SALE / LEASE)

FASTEST GROWING BUSINESS TO INVEST IN NIGERIA (PETROL STATIONS FOR SALE / LEASE)

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All Interested Buyers/Investors should please Write to

MPN Global Ventures

Phone:+2347032410602,

Polish Rep:+48794207320

Dutch Rep: +31644506958

Email: mpn.global.venures@inbox.com

Head Office: 8 Oyewole street Ifako Gbagada, Lagos Nigeria.

P.O Box 9798, GPO-Marina PC:101001,Lagos Nigeria

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The recent happenings in the petroleum market have produced a lot of dramatic twists and turns but one thing is practically assured; the business will hardly ever continue to be exactly the same once more! Because the trial of many of your defaulters is promised to be conclusively carried out, fairplay is confident to creep in, possibly slowly and gradually but surely.

A ‘cleanse’ trader hoping to get in the company can now do so with all the assurance that a comparatively a lot more levels playing discipline is expected. The downstream sector is definitely an appealing funding haven involving the offering & distribution of crude oil solutions which include the liquefied petroleum gas (L.P.G), gasoline or petrol, jet-fuel, D2 diesel oil, other fuel oils, asphalt & petroleum coke.

The different factors contain ownership of both filling stations or tank farms (or oil depots) likewise as the transportation in-in between. For all those new to the enterprise, tank farms are industrial facilities towards the storage of oil &/or petrochemical solutions and from which these products are commonly transported to conclude end users or additional storage facilities. These amenities typically have tanks, both above floor or underground, and gantries with the discharge of merchandise into street tankers or other vehicles or pipelines.

The ownership of tank farms can fall into any of the following classes:
- Single oil company ownership. When one particular company owns and operates a depot on its personal behalf.
- Joint or consortium possession, where two or additional corporations own personal a depot together and share its operating charges.
- Independent possession, wherever a depot is owned not by an oil company but by a separate organization which expenses oil companies (and other folks) a charge to retailer and deal with goods.

The locations of tank farms are essential as closeness to oil refineries or discharge points of marine tankers lessen a lot of your overhead included in extracting the merchandise for storage. Tank farms may have road tankers working from their grounds to transport products to filling stations or other people.

Most tank farms usually involve no processing on web site, therefore, demand no sophisticated tools except possibly some type of automation system. The products in the refinery are in their last form suitable for delivery to clients. In some cases additives might be injected into solutions in tanks, but there exists normally no manufacturing plant on web site.

For ease of finding started out, you can find currently created tank farms obtainable for sale made that are prepared for business. For individuals enthusiastic about constructing their very own depots, we have also listed lands for purchase which might be very suitable for this kind of development.

Operating a tank farm is like the high conclusion with the downstream petroleum company, as a result, ‘very low spending budget’ investors can glance in the direction of operating a petrol station. The interesting issue is the fact that you can find a great number of of those properties within the industry right away in quite a few different locations and several of them also can be deemed even if you usually do not hold the entire buy funds at hand.

For instance, the Conoil filling station offered by Po  Apartments (Tel:08035………) around Okokomaiko for N450m offers a flexible payment plan. The 10-pump station on 5 plots with C of O and DPR Approval can be paid for over a year after an initial down-payment which will be agreed upon by the owner of the property and the buyer. This allows you to start the business without paying fully and you may be able to fund your payment gradually if business goes well.

Another option is the lease proposed by Eti & Associates (Tel:08062………) for a functional 6-pump filling station along the Lagos-Abeokuta expressway which can also be bought for N200m. The rent is N12.5m p.a. for a minimum of five years with a 10% negotiable agency agreement fee. This is an attractive offer if you intend to ‘test the waters’ before you go headlong into the petroleum business. There are other such properties available for 5-year lease between N7m and N8m p.a. by Ari….. Petroleum Nig. Ltd (Tel:08032……..).

Considering the opportunities presented, you may do well to spread your business tentacles to the petroleum industry and look to make very good returns in the highly lucrative sector.

PETROL STATIONS FOR SALE / LEASE (MAINLAND)

Company Name

Description

Price

Apapa

Filling station with 10 pumps on a 4 plots of smooth land along side Malu road, Ajegunle –Apapa

N1.7 Billion

MOBIL station, 8 pumps on 4 plots @ Marina Beach road, Apapa

N1.6 Billion

Oregun

A Petrol Station on ½ acre of land, 6 pumps and eatries, along Kudirat Abiola Way, Oregun Ikeja. With C of O.

N650 Million

Filling Station for sale along Oregun Road, Ikeja.

N550 Million

Mushin/Oshodi

6 pumps functioning Petrol Station @ Mushin-Oshodi Express Way

N600 Million

7 pumps on 3 plots on Agege Motor Road, Mushin.

N350 Million

Okokomaiko

8 pumps on 6 plots @ Okokomaiko

N600 Million

CONOIL Filling Station on 5 plots located at Km 20 Badagry Expressway, Okokomaiko, Opp. Igbo Elerin Junction, after LASU. 10 pumps, 8 pumps operational. 2 sets on Perkins Generator (30KVA Capacity each). With C of O and DPR Approval. (Flexible payment plan available)

N450 Million (Asking)

Yaba/Ikorodu Rd.

8 pumps on 3 plots @ Fadeyi – Ikorodu Road.

N450 Million

6 pump filling station at Yaba

N400 Million

MRS at Ikorodu Road, 7 pumps on 4 plots

N350 Million

Lagos-Abeokuta Expressway

8 Pump Filling Stations on 2000sqm at Ijaiye bus Stop Lagos- Abeokuta Express Way.

N300 Million

7 pumps on 6 plots @ CASO bust stop, Abeokuta Expressway.

N200 Million

6 pumps on 4 plots (Functional) on Lagos Abeokuta Expressway, by Alagbado.

N200 Million

10 pumps on 3 plots on Abeokuta Expressway

N200 Million

MRS at Lagos Abeokuta Expressway, 6pumps on 4 plots

N180 Million

Filling stations with 8 nos pumps on 4 plots of cool land along side Abeokuta

N170 Million

Dopemu/Ipaja

Filling stations with 8 pumps on 2 plots of clean land along side Ipaja, Alimosho road

N270 Million

Filling station with 8 nos pumps on a 2 plots of clean land at Dopemu.

N8 Million p.a at 5 years lease.

Sango/Ota

6 pumps of petrol station at Idiroko road around Canaan Land

N180 Million

6 pumps petrol station at Sango Otta

N100 Million

Petrol Filling Station along Ota/Idiroko Rd, Before Winners Chapel

N80 Million (Asking)

6 pumps on 2 plots at Ayetoro road, Sango. C of O and DPR approval.

N40 Million

Idimu-LASU-Iba axis

8 pump Filling Station on 1780sqm Along LASU-Idimu Road

N180 Million

4 pumps on 4 plots @ LASU-Iba road

N130 Million

A filling station with 6 nos pumps on 2plots of land at Idimu Ejigbo road.

N85 Million

Filling station with 6 nos pumps on a 2 plots of land at Idimu

N7 Million per annum for 5 years lease

Lagos-Ibadan Expressway

6 nos pumps filling station by OPIC, along Lagos Ibadan expressway.

N130 Million

Okota

Filling station with 8 nos pumps on a 4 plots of land at Okota.

N8 Million at 5 years lease.

PETROL STATION FOR SALE / LEASE (ISLAND)

Company Name

Description

Price

TOTAL: 8 pumps on 1 acre @ Awolowo Road, Ikoyi

N1.2 Billion

6 pump filling on Lekki Epe expressway

N370 Milion-N500 Million

Filling Station on 2plots @ Ajah, 8pumps, 6pumps, 2 in 1 for Petrol, 1 pump for Kerosene and 1 for Diesel with C of O and all other documents.

N320 Million

Filling Station for sale in Lekki Area

N75 Million

TANK FARM FOR SALE / LEASE

Company Name

Description

Price

37,000 Metric T. tank farm on 2.5 acres @ Creek Rd, Apapa

N40 Billion

9 tank farm of 55,000MT on 2.5acres @ Dockyard, Apapa.

N35 Billion

Tank farm + Jetty, 40,000 MT + office block on 2.5 acres @ Greek Rd, Apapa.

N30 Billion

LAND FOR TANK FARMS

Company Name

Description

Price

17 acres water front, suitable for Tank Farm @ Ijegun Satellite town.

N1.5 Billion

A 1.2 hectares of land with approval for a tank farm at Apapa

N1.2 Billion

Water front parcel of land, size; 2574.815 square meters suitable for tank farm or Jetty @ Kirikiri Apapa.

N600 Million (Negotiable)