Petroleum Marketing and Retail
We sell refined petroleum products (PMS, AGO, HHK, Fuel oil, Jet A-1, Lubes) to the general public through an expansive network of retail outlets.
Our retail outlets have presented the best platform to display our vibrant brand. Red Star has achieved retail presence in major states across Nigeria, such as Ogun, Cross River, Kaduna, Katsina, Rivers, Plateau & Kano States. We operate a network of retail stations serving thousands of customers’ everyday across the locations that we operate in. These Service Stations are owned and operated by our teams who sell high quality petroleum and lubricant products.
As a leading supplier of fuel in Nigeria and one of the preferred fuel retailing companies, we manage all domestic marketing and retailing activities for a wide range of petroleum products which include Petrol (PMS), Diesel (AGO) and Kerosene (DPK). Our retail business arm is designed to ensure that our customers get value for their money. This is achieved by consistently delivering quality fuel products and services in our retail stations across the country as well as high standards of customer service.
We also serve large scale fuel clients by providing them with motor and industrial fuels. Our large scale customers can be found in different industries including manufacturing, power generation, road construction, transport, hospitality, among others. Our deliberate customer-centric service and the high quality of our fuel products have immensely contributed to our growth & success.
The shipping operations of the Company consists of the carriage of dry and liquid cargo, Towage and stevedoring services. The Company also carries out its carriage and towage using a fleet of ocean going vessels and tug boats respectively.
Within our fleet is the MT Halima IMO 9231705 with MMSI 247067400, a chemical/oil tanker with double skin in way of cargo area and bunker tanks in E.R. space. It has an overall length and beam of 177/27M4 and a current draught of 7.3 M, with a course and speed of 191.00/0.2 KN.
The shipping operation is being run by seasoned and dedicated mariners consisting of Marine navigators and Engineers and the Ocean-going vessels ply all routes of the world, while the towage services are mostly within the Nigerian harbours.
Our liquid carriages are mostly for the Nigerian National Petroleum Company (NNPC), while the Towage services are provided for both the NNPC and the Nigerian Ports Authority, (NPA).
Red Star has invested heavily in its petroleum products storage facility, which houses a state-of-the-art tank farm with multiple loading gantries and a multi-truck capacity trailer park. We also have an expansion plan which will increase the storage capacity of the tank farm in a few years.
At the tank terminals, Red Star stores and handles different products including crude oil, petroleum products, biofuels, chemicals and gases. Red Star is not the sole owner of the goods stored, but merely provides its services in the field of tank storage logistics. Our clients include private and state oil companies, petrochemical companies, and traders in petroleum products and chemicals.
To further improve our profitability we continue to employ a strategy of controlled growth of our tank farms through upgrading of existing facilities, acquisitions, and new buildings.
Transportation & Haulage
Every vertical market presents unique supply chain challenges, but none is as complex as oil and gas. Transporting product requires special equipment, strict regulatory compliance, and extensive safety procedures.
Red Star offers comprehensive haulage logistic services to our customers. We are committed to providing high quality transport and logistics services coupled with effective management to meet and exceed the expectations of our customers.
We currently have several vessels at our disposal for shuttle and long-distance voyages. These vessels are of different capacities and are capable of product deliveries all over the world. Our trucks and tanker trailers of various sizes offer on-ground regular effective and efficient product distribution.
Our network ensures that each transport is handled by experienced transport and logistics specialists from multiple points of origin to multiple destinations. We have acquired several trucks to ensure timely and efficient supply of petroleum products to our retail outlets within Nigeria even as we serve our growing customer base.
Our fleet fully covers states such as Ogun, Cross River, Kaduna, Katsina, Rivers, Plateau & Kano. Much of our service is tilted towards covering and servicing the northern region for now. However, we are fast spreading to cover major terrains in distribution of oil and gas products in other regions across the nation.
Despite negative media coverage about coal, renewable energy has been proven to be unreliable for base load electricity supply, leaving only alternatives such as nuclear, hydro and coal. Nuclear is prohibitively capital intensive, hydro is limited by the global water shortage which leaves coal-fired power generation.
It is predicted that by 2030 the world will be short of an excess of 300 million tonnes of seaborne thermal coal due primarily to increased and steady consumption, coupled with decreased production due to mines reaching end of life, lack of investment and production cut backs in Asia.
Coal will continue to play a major role in delivering energy access and security long into the future, making up over 40% of global electricity generation and over 25% of primary energy demand
Red Star’s coal mining operations in Kogi, Nigeria are targeted at Nigeria & Sub-Saharan Africa’s rapidly-growing power plant industry and demand for alternative power generation by off-takers such as cement and lime producers, brickworks, breweries, paper and sugar mills and the chemical industry.