Through international relations, we pursue opportunities to commercialise our supply partnerships. In partnership with these clients, we have the ability to supply on contract basis; very large quantities of Bonny light crude oil from our partner NNPC. Our clients are government-owned corporations under the direction of the Ministry of Petroleum, oil and natural gas producers and rank amongst the world’s largest oil companies. Our associated suppliers are responsible for the exploration, and extraction of crude oil, as well as sales of natural gas and liquefied natural gas (LNG). Having provided the domestic refineries and manufacturing plants with crude oil required for the petroleum products, they export surplus production according to commercial considerations in the framework of the quotas determined by the Organization of Petroleum Exporting Countries (OPEC) and at the prices prevalent in the international markets.
WALENSHIP is committed to high standards of corporate governance, ensuring that we create value to our customers. Good corporate governance seeks to balance entrepreneurial leadership, control and transparency, supporting the company’s success by ensuring an efficient decision-making process.
The team has forged some close relationships with NNPC and traders worldwide. Through these relationships WALENSHIP has capabilities to source product or supply either direct or through third parties to companies such as AMUAY refinery Venezuela, ADNOC< Petro Vietnam, Petronas, Petraco, Lukoil, Caribbean energy alliance, Trafigura, Metalloyd among others. Coupled with the experience in the downstream.
Develop business within long term horizons. Accordingly historical, current and short term future earnings may not necessarily be indicative of real earnings potential and underlying value.
Our client’s success is our success. The only way we can build lasting relationships with them is by taking the time to understand their specific needs and their individual objectives. When we combine that understanding with our expertise, we become their partner, helping them to achieve their financial objectives.
Relationships with our clients are driven by the power of partnership. The power of partnership engenders involvement, respect, contribution and mutual support. We encourage the free exchange of ideas and demand teamwork.
We are a member of the global community and behave as a responsible corporate citizen. Our corporate governance ensures the implementation of our corporate responsibility agenda. We strive to contribute positively and actively to communities within which we do business.