History and Future Strategy of Oando
Oando Supply & Trading at a Glance
Oando
Oando Supply & Trading is the largest indigenous importer of petroleum products in the Sub-
Saharan region, supplying and trading crude oil and refined petroleum products
• Trading of regulated products (PMS) under the Petroleum Subsidy Fund (PSF) regime in Nigeria
• Deregulated products under supply contracts (especially AGO) and on a spot basis.
.
Division consists of Oando Supply & Trading and Oando Trading Limited, with international
trading desks
• Supplies petroleum products into Ports in Nigeria and WAF
(39
Typical Transaction Timeline
T +x
T +X+5
Start of
End of
Pricing Window Pricing Window
T
Trade
Decision
Full hedge policy
D
Product
Delivery
D+5
Payment to
Supplier
D + 30
D + 45
Sale to
Marketer
Collection of
Trade Receivables
COMMODITY PRICING
Financing fully secured at
time of trade decision
FINANCING
Letters of Credit
(USD denominated)
Receivables-Backed
Financing
(NGN denominated)
D + 90
Collection of
SubsidiesView entire presentation