The company started primarily by trading fuel oil allocations of from the federal government.
AMG begins trading through bulk purchase agreements of Fuel Oil, Automotive Gas Oil [AGO], Premium Motor Spirit [PMS], and Dual Purpose Kerosene [DPK] with NNPC through a partnership (JV).
AMG purchases its first depot which was used to launch our local AGO distribution capabilities as part of another JV agreement and on the back of a contract for the supply of product to MTN base stations in northern Nigeria.
AMG expands the business operations to export and import opportunities within the oil and gas sector. Our first allocation was for Aviation Turbine Kerosene [ATK], sold on the international market.
AMG (through a consortium) successfully wins marginal block in the Oil Block Licensing bid round.
AMG began exporting crude oil on behalf of the government of Burundi. Marketing 15,000 barrels per day internationally, thus increasing its export capabilities.
AMG began trading crude directly with Tamoil refineries in Europe, Shell International, and later Sunoco refinery in the United States. This was a novel feat in the market where an indigenous player had direct access to the international oil refineries.
AMG receives its first allocation in its name in 2007 marketing up to 30,000 barrels a day.
The export of crude allowed AMG develop a solid reputation in the international community getting trading lines with BNP Paribas and Credit Agricole.
AMG begins importation of petroleum products and started buying internationally from the likes of Shell, Gunvor, Trafigura, Arcadia, and Addax and supplying to the major onshore companies like Mobil Nigeria, MRS Oil & Gas, Oando, Conoil, and Total Nigeria.
AMG bid for and won the government-to-government contract to supply 60,000 barrels per day and operated on behalf of Ghana National Petroleum Corporation.
AMG began investing in the development of oil and gas infrastructure with the incorporation of its sister company AMG Terminals Limited (AMGT), whose core activity is to support the activities of AMGs trading business and also maximize opportunities in the downstream sector.
AMG commissions its first petrol station in Kano, northern Nigeria.
AMG begins the development of an Offshore Logistics Support Base in Eastern Nigeria.
AMG acquires land in a prime location in Nigeria suitable for the development of a ship fabrication yard or petrochemical refinery.
AMG acquires land begins development of an for Aviation Fuel Depot.
AMG continues to export crude oil internationally till date, through acquisition of yearly crude term contracts with NNPC, allowing us to lift close to 50million barrels of over the last 13 years.
AMG, through strategic partnerships, begins to make investment strides across the energy value-chain and other sectors.