Five Great Oil and Gas Business Opportunities and Their Business Plans
The high energy demand creates immense opportunities for investment and expansion in the oil, gas, and energy sector in sub-Sahara Africa. Here are lucrative oil and gas business opportunities with their sample business plans.
- Petrol Stations
The increasing number of vehicles on the road and the rise of transportation activities present promising opportunities for petrol station investment and expansion in Tanzania.
2.Liquefied Petroleum Gas
The East African population is transitioning from firewood and charcoal to LPG usage. The consumption of LPG has been increasing so fast in Tanzania and East Africa due to regular awareness campaigns on the social and health benefits of LPG as the rising per capita income of the citizen. For example, Tanzania’s annual LP gas consumption has grown from 5,500 metric tonnes in 2005 to 145,800 in 2019.
Read Also: A Sample business plan for an LP Gas(Cooking Gas) Plant in Tanzania.
3.Lubricants Oils Business.
The lubricants(engine oil) sector is growing quickly in Tanzania and Africa. Increasing the number of vehicles on the road and the desire for regular maintenance for owners to take better care of their vehicles drive the expansion of the lubricants market in the region. Also the desire for organizations to reduce operation costs by ensuring the machinery operate smoothly drives the demand for industrial lubricants.
Read : Business Plan for Lubricants oils Plant ( Engine oil, greases) in Tanzania
Read also:Investment Profile for Small Lubricants(Gear and Engine Oil) Blending Plant In Tanzania
4.Bulk Petroleum Operations.
The high energy needs in Tanzania and Africa present opportunities for people who want to enhance access to high-quality products in the regions. Bulk petroleum business involves importing, storing, trading, supplying, selling, and marketing petroleum products to consumers across the country and neighboring countries.
Read:Business Plan for Starting Bulk Petroleum Business Operations in Tanzania and East Africa
5.Road logistic and transportation of fuel and petroleum products
The increasing demand of petroleum products (example, premium motor spirit, diesel, kerosene, and other petroleum products) in Tanzania, East Africa and Central Africa drives demand for logistic and transpiration solutions.
I hope this help.
