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About us |
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Barbedos Oil & Gas Services ltd is a company
registered under the companies & Allied Matters Act 1990
of the Federal Republic of Nigeria to carryout business
in Oil & Gas. Ownership of Barbedos is 100% Nigerian. It
began operations in 2004 though in partnership with
various other indigenous Oil Companies.
In January 2006, Barbedos Oil & Gas branched out as
independent Oil trading company of its own performing
for itself, Oil trading Operations. The trading
activities cover the full spectrum from crude oil to
refined and semi-refined products. It has developed
particular expertise in Gas oil and fuel oil and lifting
of fuel oil has largely been from the Port Harcourt
Refinery in Nigeria.
The Company has been involved in the export of fuel Oil
and Naphtha out NNPC/PPMC refineries. The company has
since 2006, sold over 300,000mt and 60,000mt of Fuel Oil
and Naphtha respectively on FOB/CIF basis to various
reputable international trading companies. It has also
pioneered several innovative trading schemes focused on
minimizing risk and maximizing profit.
In other to meet its developmental objectives, increase
market share, streamline operations and grow into new
areas; the company has access to capital and credit
facilities. Barbedos can tap into $50 million pool of
trade finance lines from stable local and foreign banks.
These Banks include BNP Paribas Paris, Access Bank Plc,
Zenith Bank Plc and United Bank for Africa Plc. This
speedy access to finance ensures for successful
execution of any trade. The level of financial backing
coupled with the relatively low interest rate allows
Barbedos to promptly discharge its obligations to
clients.
The Company works on a spot, medium and long-term
contract basis. It is also registered with several
states to take part regularly in tenders for the import
and export of oil. Barbedos is strategically positioned
to take advantage of the opportunities inherent for a
Nigerian owned company in a newly deregulated sector.
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