As global trading houses compete for access to Africa’s rapidly growing refined petroleum markets, where demand has been steadily increasing, they have found ATNL to be an ideal partner for their business needs.
ATNL acquired its first facility in Lagos Nigeria in March 2016 and started operations in July of the same year after undergoing major refurbishment to meet world-class standards. Our 23,000MT facility, located at the Ibru Jetty, Apapa, Lagos, has the capacity to store 26,000,000 litres of refined petroleum products and has been configured for Premium Motor Spirit (PMS), Automotive Gas Oil (AGO) and Aviation Turbine Kerosene (ATK). ATNL has since become the storage partner of choice for many players in the industry.
Nigeria and other African countries are de-regulating. Consequently, as local refining capacity increases, the demand for oil and gas storage is expected to multiply. Furthermore, there is an increasing need for storage away from refineries and closer to regional markets to improve product availability across the board.
In response to these developments, ATNL is set to expand its storage footprint and diversify into the downstream product trade and supply, not only to strengthen its future revenue growth but, more importantly, to support Nigeria and Africa’s energy demands. These strategic business plans have undergone comprehensive studies and meticulous risk analyses to assess their viability as well as their alignment with prevailing government fiscal policies.
ATNL’s business model encompasses the following:
- Expansion via acquisition of inland and coastal terminals
- Storage and distribution of petroleum products
- Third-party product marketing
- Opening strategically located retail outlets
- Development of LPG storage and retail facilities
ATNL’s foray into the trading and marketing spaces of the oil and gas industry will complement its expertise in storage and distribution, capturing greater overall market share and boosting bottom-line profits.
The Board and Management of ATNL comprises a diverse group of experienced leaders with cumulative expertise of over 60 years, ensuring enhanced governance and strategic oversight as the company embarks on an unprecedented phase of growth and development.