H Oil Downstream Activities
H Oil Group has historically carried out international oil and product trading business with volumes exceeding 100,000 bbl/day.
Our company has handled Nigerian Crude Oil, including 30,000 bbl/day of Forcados, 30,000 bbl/day of Oso Condensate and 30,000 bbl/day of Pennington et al) as well as supplying to Nigeria (through NNPC/PPMC - the Nigerian National Petroleum Corporation’s Pipelines and Products Marketing Company) approximately 600,000 MT/year of petroleum products, mainly Gasoline, Kerosene and Gasoil.
Additionally, H Oil negotiated with PPMC a barter agreement whereby H Oil supplied products versus crude oil allocation in payment. Further, we have supplied lube-oil-grade crudes such as Arab Light to Nigeria for local lubricants products in Nigeria.
In Russia the Company lifted crude oil products providing pre-export finance facilities.
H Oil negotiated processing agreements with Mediterranean refineries, mainly for North African crude oils. The Company has also been active in South America, specifically Argentina and Uruguay, delivering heating oil during the winter season.
H Oil has historically assisted developing countries - West African and Caribbean - by operating crude oil contracts between governments, arranging trading and processing of the crude and delivering deficit products. Further, H Oil has been involved in a processing agreement in the Far East to obtain Gasoil and Kerosene to supply Vietnam.
In the 1990s H Oil had an association with the Japan Energy Corporation (JECO), one of the largest oil corporations in Japan. JECO has a refining capacity in excess of 600,000 bbl/day and more than 7,000 gas stations in Japan and the Far East.
The Company has also collaborated with JECO in other countries in Europe and West Africa, mainly Nigeria, and had a Joint-Venture processing agreement of 15,000 bbl/day for crude from the Persian Gulf, such as Dubai, Arab Medium, Arab Heavy, Oman and Forozan.
Currently, H Oil is establishing a joint-venture with a European state refiner to supply the West African market.