Problems and propect of petroleum marketing

The background of the study, brief history of the company etc. The exploration efforts were punctuated by the two wars but eventually yielded result with the discovery of oil in Olribiri in by shell — BP. A peak production level of 2.

Problems and propect of petroleum marketing

Most offices were empty as key officer drove out in search of fuel. The administrative and economic life of the nation became disrupted. Another reason given for this shortage was the break down on some storage equipment at the fuel deposits. It was them an Irony that Nigeria which is raped as the world producers of oil and which has 3 refineries with a net work of fuel pipeline and 19 main oil depots for easy distribution of fuel throughout the country should experience frequent shortage most of her towns.

The oil dealers that had the responsibities of distributing the fuel products to the final consumers operating under the eight oil marketing companies such as Mobil, Texaco, African Petroleum APEIF, Total Unipetrol, Nationals, Agip seemed not to provide the answer to this scarcity.

The retail outlet survey conducted in by the NNPC to find out the number of retail outlets and filling stations showed that there were only retail outlets for marketing Problems and propect of petroleum marketing distribution of petroleum products.

It now showed the percentage share of oil marketing companies on a state basis throughout the country.

For a coming as big as Nigeria which has a surface area of approximatelysquare miles orsquare kin of Land area. This study and other subsequent events led the government to think that inadequate distribution of outlets in the country on the part of the major oil companies or the oil marketers could be the source of frequent acute shortage of petroleum products.

Bythe government through the agent NNPC advertised for independent marketers a new breed of Nigerians interested in petroleum business to apply for government recognition to participate in the petroleum distribution trade in the country.

To this effect about two hundred and sixty Nigerians have been given approval by the commercial division of NNPC as independent marketers. The resultant effects were so numerous that the administrative and economic life of the nation became disrupted.

The problem is that the existing oil marketing companies charged with the sole distribution and marketing of petroleum products in the country appeared not to have profound this function very satisfactory.

THE PROBLEMS AND PROSPECTS OF MARKETING PETROLEUM PRODUCTS IN NIGERIA

Ethnic problem among the oil producing areas who demands much more than their compensation from the federal government there by engaging on the vandalization of oil pipes and oil drillage. Unscrupulous or unwholesome practice engaged on the tanker and truck drivers who at any slight provocation embark on industrial action and disturb the oil distribution and marketing.

Unavailability of a good crop of well trained highly motivated and knowledge enable leader managers and staff since they look over from the experts. Constant smuggling of the petroleum products by the unfaithfully staff of NNPC in their quest to earn hard currencies.

This equally contributes to the distribution and marketing of petroleum products. Misplacement of priorities by the post governments and NNPC coupled with the negative behaviours of NNPC officers and insufficient storage or evacuation of the product.

The petroleum industry of the country is also suffering from numerous technical problems in respect of production of middle distillates, activating its fire fighting systems etc. which need to be corrected and updated at the earliest possible time. THE PROBLEMS AND PROSPECTS. OF MARKETING PETROLEUM. PRODUCTS IN NIGERIA (A CASE STUDY OF NNPC NIGERIA) ABSTRACT. The study on the problems and prospects of marketing petroleum products in Nigeria seeks to find out what causes or generated problems in the oil industry and tries to find a lasting solution to it for the benefit of all the public or consumers. problems and prospect of marketing petroleum product in nigeria: case study of nigerian national petroleum corporation (nnpc) by adekeye adedamola oluwabusayo matric no: 06/66mc a research project submited to the department of business administration, faculty of business and social sciences, universityof ilorin,iridis-photo-restoration.com partial fufilment.

Lack of maintenance and finding to NNPC personnel, interruptions on the product supply, sharp and unpatriotic practices of the marketer in the distribution of the products. Insufficient refineries and filling stations for the industrial users also contributed for the problems of marketing petroleum product etc.

Too much declaration of huge profit by the independent marketers and like in the oil price as was stated by the federal government thereby engaging onto black market business and credit instabilities in the price of petroleum products.

Inappropriate refining and distribution costs of the petroleum products and reduction in the crude oil allocation. How can we proffer solution to these problems. How does the future of petroleum product marketing project look like in Nigeria.

This study x-rays the problems associated with marketing of petroleum products and their solutions it also discussed what prospect of marketing petroleum products in Nigeria. It appears to be a defensive factor in the economic development.

Challenges and Prospects of Nigeria

Therefore, a study bordering on the petroleum business in Nigeria is significant especially to the inhabitants of this country because of the role of the oil sector to the economy. Furthermore, petroleum scarcity affects everyone in the country whether directly or indirectly.

Gasoline is a source of power for different purpose for various mode of transportation, electricity power, for different purpose for various mode of transportation, electricity power and engages many in productive employment.

Lots of people in the society would look towards to uninterrupted supply of petroleum product at every point in time. This study is also important for the society in order to examine whether many Nigerians are participating actively in the oil economy of the country through the business as was stipulated in the Nigeria enterprises promotion Decree of Their are- National, Mobil, Texaco, total, Agip.

African, petroleum, ELF and unipetrol. This is the administrative arm of the federal government which comes into existence in and which was charged with petroleum industry in the country. Government Deposits Or Supply Point: This is boarding of petroleum products with the aim of petroleum products with the aim of selling at prices above the government controlled prices.The operation of the internet has altered the rules of doing business significantly.

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Therefore marketing firms have no alternative than to adhere to it.. The Internet plays a significant role in all elements of the marketing mix and the communication process of interface between .

CERTIFICATION This research work entitled “problem and prospects of marketing petroleum product in Nigeria: A case study of NNPC” has been read and approved as meeting the requirement of the department of business administration university of Ilorin for the award of iridis-photo-restoration.com (Hons).

Challenges and Prospects of Nigeria’s Development at There should be more Nigerian National Petroleum Corporation (NNPC) mega- stations in the country.

Problems and propect of petroleum marketing

Alternatives of the bio-fuels from cassava and jathropha should be promoted. better food storage, processing and marketing, enhanced research and development and use of new.

CERTIFICATION This research work entitled “problem and prospects of marketing petroleum product in Nigeria: A case study of NNPC” has been read and approved as meeting the requirement of the department of business administration university of Ilorin for the award of iridis-photo-restoration.com (Hons).

The Objective of the study is to find out why there are problems in the marketing of petroleum products in Nigerian, To find out the strategies adopted to ensure a lasting solution to the problems and to know the kind of polices being imposed on to solve this problems of marketing petroleum .

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THE PROBLEMS AND PROSPECTS OF MARKETING PETROLEUM PRODUCTS IN NIGERIA