Petroleum Products TRADING
WGAAP Oil and Gas trades with established suppliers and connects them with buyers across Africa, the EU, South Asia, and the Middle East.
Crude oil is the lifeblood of developing and developed nations alike.
At WGAAP Oil & Gas, we source Crude from national oil companies and crude equity holders.
We provide crude from Countries like Nigeria’s oil fields at competitive prices and aid in the shipping to refineries throughout the MENA region, with whom we have developed long-standing relationships. We work with producers to market and distribute their daily crude production, while helping refiners secure reliable and consistent supplies of the right quality crude at the right time. WGAAP transports crude oil and provides critical market insights and intelligence to our customers, as well as access to appropriate markets.
As a physical trader, we can deliver crude anywhere our customers require through our Operations Division.
We are a leading spot charterer of crude vessels and have access to a dedicated fleet of vessels to deliver crude oil where it’s needed.
Liquefied Petroleum Gas, or LPG, is an essential component of the energy needs for countries struggling to reduce their carbon emissions as it is a much cleaner burning fuel. Used as fuel in heating appliances, cooking equipment, and vehicles, LPG is made during natural gas processing and oil refining. WGAAP Oil and Gas has a steady supply of LPG from African oil fields and Middles eastern refineries.
The LPG is extracted from heated crude oil at distillation towers and can be used as is or separated into its three primary parts: propane, butane and isobutene. We sell competitively priced LPG of consistent quality, and also arrange for shipping.
WGAAP Oil & Gas is a key player in the regional LPG market. Through our trading activities, we help refiners market a fuel that they might have flared or disposed of in the past.
Gasoline is the driving force that powers development and commerce throughout the world. WGAAP Oil and Gas supplies West African gasoline from RON 92, to RON 95.
We provide competitive prices, coupled with steady supply and expert delivery.
WGAAP Oil and Gas provides our customers with the gasoline specification appropriate for their region. We work with a range of refiners, oil companies, and distributers while also operating in a growing number of markets across Africa, Europe, South America, and South Asia.
We offer a range of logistical assets the combine into the highest value for our customers.
WGAAP’s Chartering Division is responsible for fixing spot charters, time charters and COA. Chartering operations is responsible for post fixture operations for all vessels and coordination with shipbroker operations, ship owner operations, STS operations, shipping agencies, port agencies and all statutory authorities at load ports, transshipment ports and disports.
Our experts handle all negotiations for contract terms and conditions, including price and insurance underwriting. We are able to negotiate the best value for your dollar, cut your costs and increase your profits by utilizing our expertise.
We are experts at fixing spot charters, time charters and COA
We negotiate the best deals for you.
Jet fuel is a middle distillate, or a byproduct of refined crude oil, situated between the lighter and heavier crude oil factions. As its name suggests, it is used primarily to power jet engines. With more people flying than ever before, jet fuel demand growth is expected to rise in the coming decade.
At WGAAP Oil and Gas, we offer our expert knowledge and flexibility to respond promptly to supply and demand imbalances. We primarily deal in Jet A-1 fuel that we source directly from refineries throughout the MENA region. Our quality product is delivered on time.
WGAAP Oil and Gas is a known trader, supplier, and distributor of gas oil throughout our network of African, European, and South Asian partners.
We carry gas oil from 10ppm to 1% sulfur. Gas oil has numerous applications, including powering the trucks, trains, and boats that transport nearly all the products people consume around the globe. As an active trader in global gas oil markets, we source products of consistent quality at competitive prices, provide transport solutions, and make punctual deliveries.
Fuel oil is the primary propellant in the marine vessels that pump goods into all the worlds markets. Aside from providing bunker fuel and solutions to ships, we trade in large quantities of fuel oil.
We carry RMG 180, RME 180, RMG 380, and various qualities of fuel oil to fill our client’s needs. Distilled from crude oil, but often left as residue during the oil refining process, nearly 10% of fuel oil produced is used to power large ships, a further 15% is used for heating, and the remainder is used by refineries as a feedstock for production of other fuels.
We trade different grades and different packaging of bitumen. Our product range includes 30/40, 60/70, 80/100 amongst others. We deal in bulk, flexi bags, bitutainers etc.
Our Procedures;
- WGAAP and/or Seller send Draft Contract SPA to Buyer.
- Buyer amends draft contract (if needed), counter signs, seals and returns to WGAAP.
- Upon signing of contract by both parties, WGAAP gives buyer partial/full POP documents against POF.
- Buyer bank within 72 hours to maximum 1 week (negotiable) of signing the contract issues MT103/23 CONDITIONAL to Seller bank.
- WGAAP and/or Seller send Draft Contract SPA to Buyer.
- Seller bank sends Buyer bank via swift full Proof of Product (POP) and 2% PB.
- Buyer bank swifts Non-Transferable DLC to Seller bank.
- Shipment Commences as scheduled in the Contract and upon departure of the cargo at the loading port, payment will be made via T/T MT103 for the product by the Buyer after SGS/CIQ inspection at loading port.