Welcome to African Communications Resources
African Communications Resources Ltd – ACR - is a Mauritius based holding company operating in the sector of Oil and Gas, both the trading of crude & refined products, and the building & operating of the infrastructure to take hydrocarbons from field to world markets.
With operations and affiliations in West Africa - Nigeria, Niger - and in East Africa - Kenya, South Sudan, Djibouti - ACR's vision is to establish Joint Ventures (JV) with governments in Africa to help them to utilise their oil and gas assets to create the infrastructure required for economic and social development by partnering with appropriate investors and organizations with strategic interests in the oil and gas sector.
ACR acts as the Program Manager for the JV and by partnering with international investors and engineering companies we apply successful business strategies and modern finance & technology thus ensuring increased and sustainable productivity and profitability in the JV operating company for all the shareholders.
With our experience in Africa, deep government relations, and knowledge of Engineering, Oil Refining, Gas Processing, Storage & Transport, Information Technology, and Development Infrastructure, we are able to design and deliver effective commercially viable business & political solutions to all our partners from finance through to product delivery to the end customers in Europe & Asia.
This has resulted in the development of strong partnership teams allied to the ACR management team’s passion and flexibility in our business model that is appreciated in the countries we operate in.
OIL & GAS TRADING
ACR is the Nigeria, Niger & Chad partner for The Commodity Traders (TCT) - an international Buyer / Seller of bulk commodities, headquartered in the Port of Rotterdam, Netherlands, and specialized in importing and exporting all types of crude and refined petroleum products.
TCT’s clients are based in Europe, Middle East, Asia, North America, and South America, and are the buyers of ACR’s JV hydrocarbon production when delivered via a highly efficient network of manufacturing facilities, transportation & distribution systems to provide clean fuels, high-value products, feed stocks and general energy solutions.
The clients are a portfolio of globally integrated network of reliable and efficient refineries and product distribution centres which require quality supply and professional service together with high levels of safety and efficiency.
All of ACR’s JV operations thus benefit from guaranteed sales via a fully-financed committed buying network, including substantial capital investment funds available, providing the JV operations operate to a global scale and integration to deliver quality products regularly and reliably to a completive standard and price.
ENERGY INFRASTRUCTURE
ACR’s corporate objective is to actively develop and maintain a diverse portfolio of oil, gas and energy infrastructure assets by means of partnering with governments with access to the reserves which in turn enables ACR to bring the development investment.
ACR Investors and technical partners have finance in place and teams ready to go.
Key project design features aim to obtain multiple asset utilisation, cost sharing, and increased productivity from integrating the assets:
- FIELD / RESERVE & SUPPLY PURCHASE
- EXLORATION & DEVELOPMENT
- FIELD LIFTING
- PIPELINES
- CRUDE REFINING
- GAS PROCESSING
- STORAGE
- EXPORT TERMINALS
- SHIP, BARGE AND ROAD TRANSPORT FLEETS
BAYELSA STATE, NIGERIA – MANDATE
His Excellency, The Governor Henry Seriake Dickson
In May 2014 ACR received from the State of Bayelsa, Nigeria, a general Mandate issued by the Bayelsa Development & Investment Corporation (BDIC), to source international capital for development projects.
ACR has designed 3 phases of Bayelsa State development that have been approved in principle by ACR investors and technical consortium partners, based on the allocation by the Bayelsa Oil Company (BOC) of sufficient oil and gas fields, reserves and supplies to be matched by ACR investment in infrastructure.
ACR has assembled the necessary international investor finance and technical expertise to carry out the Phase 1 Feasibility Studies and subsequent implementation by means of a Public Private Partnership with BDIC. The Joint Venture vehicle will own the rights to the oil and gas assets allocated and the investors’ equity will be held through the ACR West Africa head office subsidiary in Nigeria – Port Louis Investment Ltd.
ACR will Program Manage the project and joint venture Company on behalf of the shareholders and investors.
ACR partners with governments to use oil and gas assets – fields, reserves, and production / revenue shares - to enable governments to finance essential components of economic and social development.
Each Oil / Gas project designed by ACR is aimed at delivering Economic Value Added (EVA) by:
1. SURPLUS PRODUCTION – products for wholesale or retail sale in local markets
2. UTILITIES – required for operations but surplus available for local communities
3. THIRD PARTY REVENUES – facilities available to commercial / light industry users
Development infrastructure can be financed and implemented to take advantage of capital investment required for oil / gas projects:
1. PORTS – Ocean, Coast, River, Airports, Container Terminals
2. DEVELOPMENT CORRIDORS – Pipelines, Road, Rail to connect key centres
3. UTILITIES NETWORKS – Fuels, Water, Electricity, Telecoms
Example of utility needed for gas processing, but surplus production has both commercial sales potential and community benefit: WATER DESALINATION PLANT
Potable drinking water - industrial, commercial, & domestic use; pipe or road tanker distribution network; refillable plastic bottling plants.
Also effective when combined with oil pollution treatment.
INVESTORS
ACR has various types of investors in place and several methods of financing available to governments for oil and gas project infrastructure investment where oil and gas supplies are available for processing and export.
1. TRADING INVESTORS
The Commodity Traders (TCT) of Rotterdam are the lead investors in the Bayelsa, Nigeria, LPG (Liquid Petroleum Gas) project for which ACR has in May 2014 received the Mandate to source the finance and to implement the project with the Atala OML 46 oil field – estimated value US$ 600 million.
TCT will also purchase the exported products under a long term supply contract to Port of Rotterdam & Vlissingen, where LPG Storage Facilities are currently being built.
2. CAPITAL INVESTORS
OMG of Singapore is currently concluding contracts with Djibouti Government for oil importation, distribution and bunkering, together with 150,000 barrels per day refinery and pipeline to Ethiopia.
ACR is currently proposing a 1,200 mile pipeline to the Government of Niger which will be financed, built and operated by the OMG team.
3. TRUST INVESTORS
ACR partner, Trustlink International in Mauritius, has both current trusts with funds for long term capital investment in African infrastructure, and can set up and operate asset & revenue trusts on behalf of governments seeking a secure yet transparent management & investment of state owned income.
4. OFF-SHORE FINANCING INSTRUMENTS
ACR has arrangements in place to provide capital financing against state assets backed by international bank guarantees.
This provides immediate access to capital for long term tenor.
5. CONCESSION FUNDING
ACR is a founding member of the FairFund group of investors, set up under the auspices of the G8 in 2004, and part of the Commonwealth Business Council, which has substantial investment capital designated for socially or community acceptable turnkey infrastructure projects in Africa.
As Project Sponsor, ACR has the right to make applications on behalf of projects and clients for up to 100% concessionary funding.
ACR is then committed for the duration of the concessionary funding term of 5 years as Project Manager, responsible for the Business Plan, Budget, Disbursement of Funds, and Implementation of the project by our Partners or Contractors under a Turnkey Contract until the Exit or refinancing.
6. INTERNATIONAL NGO FINANCE
ACR will make representations on behalf of the State of Bayelsa and with Bayelsa state agencies and officials support to international and African sources of non-governmental funding – banks and agencies – for developmental funding for critical areas of infrastructure that are non-commercial – roads, educational and medical facilities for example – that ACR contractors can implement in parallel with the projects.