Downstream
With the abolition of duty on imports of petroleum products and the partial complete deregulation of the downstream sector in 2003, there exists a vista of opportunities for profitable importations and sale of petroleum products to the NNPC, major/independent marketers as well as end users.
It is expected that this will be done at competitive prices to guarantee sustainable income for the organization involved. In view of this, First Fuel and Gas has been established to maximize the opportunities presented by the prevailing situations.
Our target markets are mainly the Exploration and Production (E&P) companies as well as the major subcontractors. We have turn-key capabilities through an expert network of strategic foreign partners and strong local presence. Our affiliation with foreign trading and manufacturing companies strategically places us at a level ahead of our competitors.
First Fuel and Gas is a specialized trade mark company. Our primary business are refined petroleum products.
Automative Gas Oil [AGO]
Dual Purpose Kerosene [DRK]
Low Pour Fuel Oil [LPFO]
High Pour Fuel Oil [HPFO]
Premium Motor Spirit [PMS]
Aviation Turbine Kerosene [ATR]
Supply and trading of refined petroleum products has formed the primary business of First Fuel and Gas since formation. Our wide industry network enables First Fuel and Gas to engage in oil markets effectively worldwide.
First Fuel and Gas combines physical trading activities with a range of sophisticated risk management investments and practices in developing transactions with the intentions of mitigating risk for ourselves and our counter parties.
First Fuel and Gas customized trading transactions to clients or counter party requirements in order to maximize value for all.
Upstream
The oil economy world over, is a capital intensive and technology driven business where only very competent, well focused and motivated organizations can play a formidable role in the Exploration and Production activities.
The business places high premium on qualitative standard of performance in all spheres of its daily operations.
In a market where production concerns are growing, the Nigerian oil industry enjoys a renewed interest due to abundance of drilling opportunities and a relatively lower production cost. First Fuel and Gas's intends to capitalize on this by supplying a wider range of services to our client’s doorsteps as they want it and at the right time.
As the operators in this specialized field place a high premium on quality of performance, so do they place emphasis on health, safety and environment standards. In addition, priority is equally given to cost effectiveness in operational areas to reduce cost and maximize profit within a record time.
However, the recent tenacity shown by the federal government, the legislative arms and other stakeholders on the need to shore up the level of local content in the upstream operations, has largely informed a new order in the nation’s most strategic industry.
The new order becomes imperative to maintain the current tempo of awareness and the concern for local content input in the petroleum industry.
The way and means of ensuring improved local content both in human and material resources informed the resolve of some Exploration and Production (E&P) companies to embark on recruitment of competent Nigerian companies who are willing to contribute to the development of the E&P Company’s numerous projects. This creates a vista of opportunities for our partners to become an active participant in the upstream sector.
Areas of specialization
Import and Export, Marketing and Distribution of petroleum products.
