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The Future |
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The Barbedos overall vision is both short-term and
long-term. It has already achieved its short-term
objective of becoming an active and dominant trading
organization in Nigeia. The company in now focused on
its medium term objectives of: diversification and
investment in the mid-stream sector of the oil industry
(refining), marginal fields’ exploration and investment,
and establishment of a supply and distribution arm.
Barbedos is well on the way towards its intended
transition from a trading firm to a fully integrated oil
company engaged in downstream, midstream and upstream
operations.
Soon Barbedos would begin trading its allocations on CIF
basis to allow for direct contact with the refiners in
the United States. In doing this, the customer base
would be expanded profitability increased.
The company also has plans of investing in the purchase
of physical assets such as vessels and a tank farm.
These assets would be used to generate income for the
company other than the trading income from oil. To this
end we are in search of a viable tank farm for ale in
the Lagos area.
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