WTI Crude Oil (Nymex) 50.87 (0.26) Brent Crude (ICE) 53.60 (0.27) Natural Gas (Nymex) = 3.30(0.03)

What We Do

Physical Supply & Trading

We trade in crude oil and petroleum products ranging from Naphtha, Gasoline, Fuel Oil, Gas Oil, Kerosene, and Bitumen.

Financial Trading & Hedging

With a highly centralized and Financial Risk Management Framework, We are active in most financial energy markets worldwide.

Shipping & Chartering

 With access to a global pool of shipping brokers, vessel owners and market insight, we maximize value for our customers by offering highly competitive rates.

In 2016, Oando Trading exported over 30 million barrels of crude oil with JV partners, and 1.3 million metric tons of refined petroleum products.

Who We Are

Oando Trading is a supply and trading company and a fully-owned subsidiary of Oando PLC, one of Africa’s largest integrated energy solutions providers. We are a key participant in international oil markets, with a significant presence in the West African region, and direct access to major energy markets across Africa via its offices in the United Arab Emirates, South Africa and Nigeria.

 

Oando Trading is a leading supplier of petroleum products in Nigeria, and its key trading commodities include petrochemicals, industrial & liquefied natural gas, refined oil products and crude oil.

 

In the past year, the company exported over 30 million barrels of crude oil jointly with its JV partners, and traded just under 1.3 million metric tonnes of refined petroleum products.

 

Fortified by a strong balance sheet, local and international expertise and vast global partnerships, Oando Trading is focused on enhancing market performance and maximising value through dependable products supply, commodity trading, risk management and a thorough internal compliance framework.

Our Products

Fuel Oil

Fuel oil also known as heavy oil is produced from the burnable liquids derived from crude oil. It is any liquid fuel that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power. Examples include kerosene, home heating oil, diesel fuel or coal oil. Fuel oil is used in boilers and furnaces, fuel trucks, chips some cars and power generating sets.

Naphtha

Naphtha is the immediate hydrocarbon liquid steam derived from crude distillation. It is used as an aid in crude refinement and distillation into more efficient products. Naphtha is primarily in production of fuels. It secondary use includes production of petrochemicals and as a solvent for various organic substances, paint, cigarettes lighters, cleaning fluid.

Crude Oil

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. The resource which is found through oil drilling can be refined to produce commodities such as diesel, gasoline, heating oil, jet fuel, kerosene, and petrochemicals.

Bitumen

Bitumen also known as Asphalt is a black sticky mixture of hydrocarbons obtained naturally or as a residue from petroleum distillation. The product is primarily used by the construction industries in road construction.

Management Team

Adewale Tinubu

Adewale Tinubu

Mr Tinubu also holds the position of Group Chief Executive of Oando PLC. He serves on the board of various blue-chip companies as Chairman and Director. In 2007, he was…

Omamofe Boyo

Omamofe Boyo

Mr. Boyo is also Deputy Group Chief Executive of Oando PLC. Prior to this, Mofe doubled as the CEO of Oando Marketing PLC and CEO of Oando Supply and Trading,…

Contact

Location

Unit 704, JBC4, Jumeirah Lakes Towers,
Dubai. UAE.

2 Ajose Adeogun Street, victoria Island,
Lagos, Nigeria.

+971 4 551 5081
+234 1 2702400
info@oandotrading.ae