A Catalyst for the Oil & Gas Industry with Capitevo Petroqo

Capitevo Petroqo and its subsidiary (Company) is regulated by the Department of Petroleum Resources, Ministry of Petroleum, Nigeria and is a category two major supplier (trade desk) registered under # 39114. 

We attain under the compliance and protocol factors, quantities to buy and sell crude oil barrels per month and OPEC allotted allocations crude oil (various grades) under incoterm for spot and term contracts.

The company is registered supplier with the Nigerian National Petroleum Corporation Limited (NNPCL) and Nigerian Liquefied Natural Gas (NLNG). 

The Company under the KYCC questionnaire policies is looking for credible buyers [off-takers] and or exists to facilitate transactions under the rules of engagement to operate under the terms and conditions agreed upon. 

Capitevo Petroqo and its subsidiaries is an independent international commodity trading corporation, active in America's, African, Middle East, Asian and C.I.S markets. It is actively operating with OPEC members, State-owned oil & gas refineries, Tea-Pot refineries, Majors, and Trade desks. 

The Company is led by the Founder, Owner and CEO Edward (Ted) Eoin Mulvihill, who is the majority shareholder of the companies globally. Ted is a seasoned business development manager in commodity physical trading for mining and mineral products with an additional strong background in investments under construction & finance on new development project portfolios having 24 years of regional Middle East (GCC) Asian & African experience in senior management, portfolio management and operations.

Charles Ikhihibhojere is the Managing Director, Chief Operations Officer. Charles is a Director and shareholder and is on the Board of Director for the African Continent.

As mentioned in the previous section, the Company is officially authorized by the Nigerian National Petroleum Corporation Limited to attain OPEC allocations of a set quantity of crude oil.

 To facilitate this transaction, the Company is looking for buyers (off-takers) to facilitate with official sales and purchase agreement contracts that are legally binding by the way of an MT 199 or MT 799 swift message (blocked funds) and a SBLC MT 760 (cashed backed or leased) for a trial-term contract supply from the Bonny Offshore Terminal, Port Harcourt or floating storage China waters for Nigeria crude oil transactions. 

To mitigate and manage the Company financial risk/Banks’s risk, the Company will require official and verified buyers (off-takers) and or exits to open MT 760. [Standby Letter of Credit]. Furthermore, the process of acquiring Nigerian crude oil grades does not start until a buyer [off-taker] and or exit is already lined up. 

The Company trade process with the OPEC member and their shareholder. 

The process begins with obtaining an Irrevocable Corporate Purchase Order and Client Information Sheet /Corporate Profile and in some cases other corporate documents from the buyers (off-takers) such as proof of funds and authorized to verify bank to bank. This enables the Company to submit their own documents with that of the buyers’ documents to secure the allocation for a spot incoterm sale of barrels of Nigerian crude oil grades within 30 days and eventual term contract. 

Once verified by the parties involved, the Producer, the Company [Reseller] the Buyer [Off-takers] and or Exit sign separately (two sets) under the General Terms Conditions for the Sale & Purchase Agreements (SPAs) of Crude oils and petroleum products with the Charter Party Agreement (CPA) where applicable. This would allow the Company to acquire and sell barrels of spot and subsequent barrels for 12 months under trial -term contract. It could take as many as two months to fully complete (draft, finalize and sign) the term contract under the incoterms agreed upon. 

OPEC Quota. 

Exits (refineries) would sign an SPA term fob incoterm at Top Table Meeting at NNPC Limited Head Quarters in Abuja, Nigeria with NNPC Limited CEO, the Ministry of Petroleum, other dignitaries, the Buyer (Reseller) Capitevo Petroqo and subsidiaries and NOC crude oil trading desk management or nominated Ambassador to then initiate with a term SPA contract as per the terms and conditions of that contract. 

The Banks will oversee the process involving the lodging of outgoing SBLC’s and incoming IRDLC/SBLC (Tbc) transfers on behalf of the banking institution and Buyer through the corporate accounts. 

The Banks role is to manage all cash flow that moves through the accounts for trades. They have sole authorization to move funds in and out of the account. 

The Banks, which opens credit facilities (such as the instruments requested) for traders (the Company) wants to make sure that the revenues from the trades are managed carefully and that The Banks (I.e., our partners and the financier) get paid. Similarly, the trader and The Banks want to make sure that any amounts due and owed on the supply side are paid promptly.

The Banks role is to make sure these payments are made to the Company and NNPC Limited and that all due diligence is cleared with the banks before a trade begins.

The Banks will pay commercial fees to the brokers (commissions) through a corporate account. 

The corporate account is specifically set up so that the Banks and buyers can be rest assured that their money is secure. 

This structure offers The Banks, the Company, and the buyer a “readymade” platform without having to over entangle themselves in the trader’s financial structure and secures the buyers procedures as per the term’s conditions and procedures on the SPAs signed and sealed by all parties involved.

The Company-The Banks and the Buyers have visibility and full transparency throughout the transaction period.

The Company intends to be fully transparent and cooperate with Banks due diligence process. The following are important. 

1. The Nigerian National Petroleum Corporation Limited

Address: Herbert Macaulay Way P.M.B, 190, Garki, Abuja, Nigeria

W: https://www.nnpcgroup.com

NNPC Limited; Giect Nig Limited Suppliers Number: 39114 

Status: Active

All clients that want notification that we are a indigenous supplier to the Nigerian National Petroleum Corporation Limited and that of the Crude Oil Marketing Department must officially nominate a corporate lawyer to speak directly with our corporate lawyers Dentons, Nigerian

Dentons ACAS-Law

28 Catholic Mission St, Lagos LA, Lagos Nigeria. 

W: www.dentonsacaslaw.com 

2. Our Business Street address: 

Africa Reinsurance Building, 3rd floor, plot 1679, 

Karimu Kotun Street, 

Victoria Island,

City: Lagos, Country, 

Country: Nigeria.

The compliance and protocol kyc due diligence rules of engagement for all clientele are to be administered as follows. 

1. Corporate Affairs Commissions (CAC). 

Company Registration RC Number 1477773. 

Status: Active 

2. Nigeria Social Insurance Trust Fund (NSITF).

Status: Active 

3. FIRS (Federal Inland Revenue Service). 

TIN: 20787269-0001

Status: Active

The Petroleum Industry Act/ Bill was passed in August of 2021. 

4. Nigerian Upstream Petroleum Regulatory Authority.

Website: https://www.nuprc.gov.ng/contact/ 

5. First City Monument Bank, Lagos, Nigeria. 

Website: http://www.fcmb.com/. 

Standard Chartered as our corresponding bank. Our complete Client Information Sheet with passport and certificates will be submitted at the appropriate time. 

6. Special Control Unit for Money Laundering, (SCUML) 

Website: https://www.scuml.org/

This is for your reading only. 

Any other new licensed certificates pending the resolution from the regulatory agencies under their jurisdiction will be notified and submitted to all existing clients, upon confirmation throughout the financial year of 2025. 

List of Documents will be submitted when official engagements have been agreed upon by both parties. 

a. Company details: in Lagos, Nigeria. 

b. Corporate Affairs Commission Certificate of Incorporation registered March 13th, 2018. 

c. Certificate of Revenue of Federal Tax identification. 

d. Nigeria Social Insurance Trust Fund (NSITF) Certificate. 

Non-performance for trading or fraud can have an existing oil and gas license revoked.

We look forward to discussing our presentation in due course.

Thank you for your time,

Yours sincerely,,

The Capitevo Petroqo Management.