The core business has been developed by establishing long-term relationships with producers and allocation holders, ensuring secure, continual supplies. The Group aggressively seeks new partnerships and sources to supply the demands of Olusum's increasing number of clientele.
The group principally trades in bulk cargoes of petroleum products and minerals, sourced through manufacturers and traders within the group’s target markets. Energy products such as Gas Oil and Coal for factories, Fuel Oil for vessels and bunkering and Iron Ore for Steel production comprise the group’s main traded products.
Energy Products, Minerals & Ores
Olusum Petroleum trades in a full range of petroleum products from the CIS, West Africa, Asia and the Middle East. These supplies are secured through long term agreements and spot contracts with producers, allocation holders and traders, though our expertise lies in secondary market contracts. By participating in the secondary market, we offer flexible financial solutions to suppliers, enabling them to bring their products to market.
Middle distillates such as Gasoil, Diesel and Jet Fuel, and heavy distillates such as High Sulfur Fuel Oil make up the highest volume of the Group’s trading activities. Light distillates such as Gasoline represent our newest product range from High Octane to low grade products being supplied to traders for delivery to their clients.
The group supplies minerals and ores from its own mines, as well as from other producers in the Middle East and Asia to China and India. Minerals are transported by truck to main storage areas awaiting inspection and shipment to end-users, factories, steel mills and traders.
Petroleum products
Crude Oil : Olusum Petroleum trades and brokers various types of crude oil from concession and allocation holders to refining groups and major trading houses. Product is mainly obtained from West Africa and the CIS, though new strides have been taken to secure product for refineries through producers in the Middle East and North Africa .
Refined Products : The group’s main focus is on the trade of Gasoil and Fuel Oil, which are two of the most abundant and sought after products. Cargoes are currently purchased from Europe, the CIS and the GCC Countries to supply client requirements.
Minerals & Ores
Olusum Petroleum group trades minerals and ores such as Iron Ore, Manganese & Chrome Ore and Muscovite (Mica ) - originating from the Middle East, South Asian and South East Asian regions, supplying to the Chinese and Indian markets.
The group owns four Chrome Ore and Manganese mines and has off-taker contracts with Iron Ore mines in Iran, Indonesia and Australia.
Olusum Petroleum is actively evaluating investment opportunities in natural resource projects, such as mines in Indonesia, Brazil and Australia.
Further information provided upon request.
