Aiteo

Aiteo Aiteo is an integrated energy group and one of Africa's fastest-growing energy leaders.

Aiteo Energy Resources Limited was established with a vision to become a fully integrated energy company with strong presence along the entire energy industry value chain. Starting from oil trading in the downstream sector of the Nigerian oil and gas industry, the group currently has presence within the energy value chain such as:

• Exploration and Production
• Gas (LPG and LNG)
• Refinery
• Cru

de Oil trading
• Refined Products trading

Aiteo has a rich history that is well rooted in the culture of hard work and vision of its founders. the company was formerly involved in bulk oil trading and true to the vision of its founders, the company began a transformation journey that has seen the company Aiteo Energy Resources Limited becoming a pioneer company within the Aiteo Group. The group has gone to establish and invest in different sectors and sub-sectors of the Nigerian economy, diversifying its investment portfolio into:

• The Power Sector: Aiteo Power
• Real Estate
• Agriculture
• Mining
• Manufacturing

Happy Eid Kabir.
12/09/2016

Happy Eid Kabir.

AITEO's participation in the crude-for-refined-product swap program was premised upon its “having fulfilled all requirem...
16/11/2015

AITEO's participation in the crude-for-refined-product swap program was premised upon its “having fulfilled all requirements precedent to being nominated and gaining the objective confidence of the management of NNPC on its strong competence and ability to deliver on the said contracts as and when due”.

“Never at any point has Aiteo unfairly exploited its commercial relationship with NNPC under the Swap or OPA contracts,”

Aiteo explains role in crude oil swap arrangement

"Also speaking, the Managing Director of SPDC and Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, descr...
16/11/2015

"Also speaking, the Managing Director of SPDC and Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, described the event as a major step towards the fulfilment of “the nation’s aspiration of growing indigenous participation in the up¬stream sector of the oil and gas industry.” He described OML 29 as one of the biggest onshore oil blocks that Shell has ever di-vested in the country."

“To finance our asset acquisition and operations, Aiteo has raised facilities from a consortium of banks, including Citi...
16/11/2015

“To finance our asset acquisition and operations, Aiteo has raised facilities from a consortium of banks, including Citibank, First Bank, Zenith and Union Bank. These creditors have duly subjected Aiteo to corporate governance and due diligence tests..."

AN oil company, Aiteo, declared yesterday that it is delivering on its obligations on Oil Mining Lease (OML) 29.

16/11/2015

As one of Africa's fastest-growing Energy Companies, we have a clear vision and mandate for the future. We possess high calibre human resources and critical assets to continually deliver value to our clients, employees and stakeholders both on the national and global scale

Address

5-7 Dockyard Road, Apapa
Lagos

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