Industry Overview

Petroleum Products Demand

The demand for light fuels in Nigeria is forecast to increase at around 3-4 percent per annum through to 2020. Whilst this demand could theoretically be met by the nation’s existing infrastructure, the result of current inefficiencies within the industry has been a heavy reliance on imports by the nation.

Infrastructure

Nigeria’s downstream oil industry comprises:
• several, mostly independently owned, retail outlets;
• the nation’s four refineries; and
• the storage depots and pipeline distribution network.

Retail Sector

Oando is already has a significant presence in the retail sector in Nigeria, as well as other West African companies. Please refer to Oando Marketing for further detail.