The oil and gas sector of Nigerian economy, is undoubtedly one of the most lucrative in the country. The sector offers hundreds of lucrative business opportunities, but is currently dominated by billionaire businessmen and women. To the average Nigerian, the oil and gas sector is strictly for the super-rich, who can afford to invest millions of dollars in a single business.
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This ill-informed belief, has continued to discourage many Nigerians from taking advantage of the numerous opportunities that abound in the sector, to create business empires for themselves. However, in this article, I am going to discuss 10 lucrative business opportunities in the oil and gas sector, which you should consider in the year 2022.
There is no doubt that many people would want to break their limits in 2022, and set new records for themselves. However, this cannot be achieved by repeating exactly the same things we did throughout 2021. As such, we must set out to break barriers, and diversify our businesses. With this in mind, below are 10 lucrative business opportunities in the oil and gas sector which I strongly recommend that you consider as we are going into 2022.
1. Production and supply of Barrels/Drums
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Barrels and drums are very important in the oil and gas sector. This is because they are used for measuring, storing, and/or transporting crude oil. As a result of this, their demands are very high. Therefore, if you are looking for an oil and gas business to consider in 2022, the production and supply of barrels and drums, should be at the top of your list.
2. Petroleum Products And Gas Transportation
Every day, hundreds of thousands of litres of petroleum products are moved from one location to the other. This has created a huge demand for haulage and logistic services in the sector. Therefore, petroleum and gas products transportation is one of the high-in-demand services in the oil and gas sector. You may also consider this lucrative business in 2022.
3. Oil and Gas Pipeline Security
It is no longer a secret, that sometimes, oil pipelines are vandalized by militants, and thugs. As a result, the security of oil installations is very important to oil companies and the government alike. Therefore, you can tap into the opportunities that abound in the sector, by setting up a pipeline security company, to help ensure the safety of oil and gas pipelines.
4. Gas Cylinder Production
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As more Nigerians are keying into the idea of the use of cooking gas on a daily basis, the demand for gas cylinders has continued to increase. Therefore, going into the production and sales of gas cylinders should be seriously considered by anyone who wishes to take advantage of the numerous opportunities provided by the oil and gas sector.
5. Leasing of Petroleum Tankers
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It is no longer a secret, that numerous oil companies and marketers, do not have enough tankers to transport their products. As a result, they depend on leased tankers to move them. Therefore, anyone who has the finance to purchase tankers in 2022, and lease them to oil companies, could be in for a huge return.
6. Oil Spillage Cleaning Services
Oil spillage is one of the challenges confronting oil companies in Nigeria. This is due to the fact that neither humans, nor machines are 100 percent perfect. As such, spillage will always occur. With this, providing oil spillage cleaning services for oil companies, is regarded as one of the most lucrative business opportunities in the industries. You can take advantage of this, and make fortunes for yourself in 2022.
7. Production of Lubricants
Lubricants are very essential to the functionality of engines. Be it automobile engines, power generating sets, and so on. They all require lubricants to function. As a result, there is high demands for lubricants across the country. This has seen the production of such products become one of the most lucrative in the oil and gas sector.
8. Oil Depot Services
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It is common knowledge that many private oil marketers in Nigeria, do not have their own depot or tank farms. As a result of this, you can tap into the opportunity, construct a fuel depot, and lease it out to marketers. Although this may require a huge sum of money. However, it is very lucrative.
9. Sales of Cooking Gas
The demand for cooking gas in Nigeria is undoubtedly on the rise. Despite this, some areas lack the presence of a standard gas plant. Therefore, you should also consider taking advantage of the high demands for cooking gas, and set up a gas plant for the purpose of selling the product to users.
10. Oil and Gas Consultancy Services
It is not until you buy or sell before you can tap into the numerous opportunities that abound in the oil and gas sector. This is exactly why I included oil and gas consultancy services as part of my list. Through providing consultancy services for oil companies, you can make fortunes for yourself. Therefore, as you are looking to break your limits in 2022, oil consultancy services should be part of your list.
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SOURCE: News Hub