Oil and Gas

Base Oil Trader in an International Downstream Oil and Gas Company

Fosad Consulting – Our client, an international Downstream Oil and Gas company is recruiting to fill the position below:

Job Title: Base Oil Trader

Location: Lagos – Mainland, Lagos

Job Summary

  • Responsible for the development and promotion of Base oil trading and interacting with companies involved in the refining, distribution, transportation, storage, blending and sale of hydrocarbons


  • Minimum of a Bachelor’s degree in a relevant or equivalent field
  • Knowledge of storage management facilities- Blending
  • Knowledge of refineries production in the African area and flows arriving to Lagos from other markets
  • Knowledge and experience in trading refined products such as: Base oil, Gasoline and Naphtha, including derivatives management.
  • Minimum of 5 years’ experience in petroleum products trading, preferably Base oil trading in West Africa
  • Willingness and ability to travel up to 25% of the time in order to fulfill the responsibilities of this position
  • Good knowledge of West & East African Markets


  • Ability to take initiative and be innovative
  • Excellent written and verbal communication skills.
  • Effective organization skills with the ability to prioritize workload.
  • Acute attention to detail and ability to execute work with minimal error margin.
  • Demonstrated exemplary negotiation skills.
  • Experience managing profit and loss margins.

Key Responsibilities

  • Coordinating hedge strategies for cargoes, barges and storage to take advantage of market structure opportunities along the forward curve.
  • Sourcing of Base Oil, Gasoline, Naphtha and blending components.
  • Remaining current on the legal and economic issues affecting the hydrocarbon industry.
  • A sound understanding of the relationship between physical and paper/derivative markets and the use and application of risk management instruments and techniques in general, but specifically related to structured transactions like storage transactions, quality and time exchanges.
  • A sound understanding of contracts, finance, insurance, chartering, storage, etc., related to international energy trading.
  • Contributing to development of business contracts, including evaluation and development of new opportunities.
  • Participating in negotiations.
  • Ensuring compliance with company policy and procedure, International Commercial (Inco) Terms, pipeline specifications, New and all local rules and regulations on energy trading.


  • Revenue and Margins
  • Volume and Profitability
  • Effectiveness of Physical and Derivatives Strategy for the Trades.

How to Apply
Interested and qualified candidates should send their Application Letter and CV to: using the job title as email’s subject


Application Deadline  27th July, 2020.

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