About Simcol Petroleum

Company Overview

Simcol Petroleum Nigeria Limited, registered in 2022, is the Nigerian entity within the Simcol Petroleum family of companies, building on over 18 years of petroleum industry experience originating with Simcol Petroleum Limited Company (U.S., est. 2007). The Company operates as a physical exporter of refined petroleum products, with commercial activities structured to align with international refinery, banking, and compliance standards, supporting export transactions to qualified counterparties in global markets.

Simcol operates with a clear institutional mandate: to engage directly at the refinery and allocation level, execute disciplined export transactions, and maintain a transparent, compliant operating framework throughout the transaction lifecycle.

Role & Mandate

Simcol Petroleum acts exclusively as a physical trader and exporter. The Company does not operate as a broker, intermediary, or marketing facilitator.

All transactions are conducted on a principal-to-principal basis with qualified buyers, in accordance with refinery procedures and established international trade practices.

Products & Export Scope

Simcol's current export focus is limited to refined petroleum products originating from Nigeria and allocated for international markets.

• AGO (WAF specification Gas Oil)
• Jet A-1 Aviation Turbine Fuel

Product availability, specifications, and lifting schedules are subject to refinery confirmation and allocation procedures.

Execution Discipline & Refinery Alignment

Simcol has successfully completed counterparty onboarding with established refinery operators, following comprehensive compliance reviews and documentation audits. This strategic positioning provides the operational foundation for large-scale structured petroleum supply and export activities.

Simcol's execution model mirrors refinery discipline. Buyer engagement, documentation review, commercial alignment, and post-allocation execution are conducted in a structured sequence designed to reduce execution risk and ensure procedural clarity.

Commercial discussions are initiated only after buyer readiness is established, including corporate due diligence and confirmation of transactional capacity.

Counterparty Profile

Simcol engages with financially qualified buyers and trading entities, including:

• Licensed petroleum importers and distributors
• Aviation fuel resellers and bunker suppliers
• Trading houses with established West African supply chains
• End-users with demonstrated import licenses and banking facilities

All counterparties must satisfy corporate due diligence and demonstrate transactional readiness prior to commercial engagement.

Regulatory & Banking Infrastructure

Simcol Petroleum Nigeria Limited is officially licensed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) as a Wholesale Petroleum Liquid Supply Operator under the provisions of the Petroleum Industry Act (PIA). This regulatory authorization confirms the Company's integration into Nigeria's modernized energy framework and adherence to the highest standards of transparency and corporate governance.

The Company maintains established banking facilities with Tier-1 financial institutions, supporting documentary credit instruments, international payment processing, and trade finance requirements in accordance with global banking standards.

Commercial & Execution Desk

Simcol operates a dual-jurisdiction execution model:

• Nigeria: Refinery coordination, product allocation, export documentation
• Dubai: International buyer engagement, commercial structuring, counterparty coordination

This structure enables both compliance with Nigerian export regulations and alignment with international banking, shipping, and trade finance norms.