Photo - Petroleum Trading services and Marine logistics services
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Petroleum Trading services and Marine logistics services

Nigeria
Market: Petroleum refining
Stage of the project: Operating business

Date of last change: 15.03.2019
Min investment
$  400.000
Total required
$ 6.000.000
Rating
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Idea

WOTTNIG GROUP is company that will provides petroleum trading services and marine logistics services (sea freight) to all companies and individuals both in public and private sector both in Nigeria and abroad that requires our services.Located in Lagos Nigeria,The company will offer world class shipping/marine services,petroleum and gas trading services of international repute.we will pride ourselves in carrying out our operations dealing ethically and professionally.

Current Status

WOTTNIG GROUP is company that will provides petroleum trading services and marine logistics services (sea freight) to all companies and individuals both in public and private sector both in Nigeria and abroad that requires our services.Located in Lagos Nigeria,The company will offer world class shipping/marine services,petroleum and gas trading services of international repute.we will pride ourselves in carrying out our operations dealing ethically and professionally.

Market

International Oil Companies in Nigeria (all 36 states of the federation including the FCT),
Ghana,
Lome Togo,
London.,Ukraine,Belarus,Africa,Europe
Local oil companies and Maritime companies

Problem or Opportunity

if these money could come into the coffers of the company ,the following could be accomplished quickly and shoot the company into real business structure and the acquisition of assets that lead to financial success :
1. Acquisition of a well-appointed operational office somewhere in Lekki Lagos
2. Acquisition of office equipment to drive the company operational goals
3.Printing of qualitative stationary for the company
4.Raising of the share capital pf the company to 10 million naira to instill public confidence and acceptance at DPR,International Oil companies,Nipex and other corporate Organization

Solution (product or service)

1.Establishment of a world class shipping company,
2.Establishment of an oil and gas company of international standards,
3.Establishments of tank farms in Lagos and other designated ares of Nigeria vast coastal regions
4.Establishments of fuel distributions across Nigeria
5.Establishment of fueling stations across the country
6.Freighting of crude oil from Nigeria to European countries using Very Large Crude Carriers or Ultra-Large Crude Carriers
7.Supply of petroleum products to corporate users at high density areas of Nigeria
8.Establishment and management of a private jetty to receive ocean-going vessels and petroleum products
9.Barge and tug-boat services in coastal regions of Nigeria
10.Road haulage and freight forwarding services
11.Ship Agency of foreign owned vessels
12.Establishment of Export department to handle selected export products from Nigeria

Competitors

Destiny Marine and Shipping company Limited,
Sahara Energy.

Advantages or differentiators

We are a Team of More Professional than Them,we all schooled in Nigeria so we understand the intrigues of business here.

Finance

$200000 per usage of the ocean going vessels,$10000 per usage of the tug boats,$110000 per usage of the barges and dredgers,in the next five year we will record an average of $15000000 after tax

Business model

WOTTNIG GROUP is company that will provides petroleum trading services and marine logistics services (sea freight) to all companies and individuals both in public and private sector both in Nigeria and abroad that requires our services.Located in Lagos Nigeria,The company will offer world class shipping/marine services,petroleum and gas trading services of international repute.we will pride ourselves in carrying out our operations dealing ethically and professionally.

Money will be spent on

Acquisition of well- appointed office building in Lagos Nigeria,
Acquisition of 6 Ocean-going Vessels,
Acquisition of 4 Dredgers,
Acquisition of 4 Tug-boats,
Acquisition of 3 Badges,
Acquisition of 25 Gas Filling stations
Acquisition of 50 Tanker Trucks,
Acquisition of Private Jetty as well as Tank farm in Lagos Nigeria

Offer for investor

Investors will hold 60% shares of the company

Team or Management

Photos

Photo 1 - Petroleum Trading services and Marine logistics services

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address