INTEGRATED energy group Aiteo, has proven itself as a significant player in the petroleum industry, taking bold steps in terms of investment and contributing meaningfully to the economy of the nation. The company, an indigenous player in the sector began from a humble beginning as an importer and exporter of petroleum products before it took […]

Stakeholders in the oil and gas sector have expressed optimism that Nigeria’s exit from economic recession will help to stabilise the industry. They also commended the Federal Government’s effort at exiting the country from the recession. They made the commendation in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos following […]

WARRI – MINISTER for Petroleum (State), Dr Ibe Kachikwu on Saturday said that the passage of the modified Petroleum Industry Bill (PIB) will open up the oil and gas sector to new local and international Investors for competitive growth and development in line with international best practices. Kachikwu revealed this during the 20th Convocation ceremony […]

The founder and Chief Executive, Dangote Group, Aliko Dangote, told attendees of the Financial Times Africa Summit in London that the refinery his company is building in Nigeria would save the country some $15 billion by cutting its need for imported fuel, The Nation reports. The refinery, which will have a nameplate capacity of 650,000 barrels per day […]