- OML29 (Africa’s largest onshore oil block)
- Bulk petroleum storage
- Refining of petroleum products
- Trading, marketing and supply
- Power generation and distribution
Aiteo is one of Africa’s fastest-growing energy companies. They are an integrated energy group strategically focused on exploration and production, bulk petroleum storage, gas and power. Aiteo is one of Africa’s fastest-growing energy companies. An integrated energy group with a vision for the future with the experience and assets necessary to supply oil and gas on a regional and global scale.
Aiteo Group is strategically focused on assets that have major prospects for immediate revenue growth and market penetration. For instance, Aiteo in 2017 reported that its oil production had increased to 90,000 bpd and asset ownership of one of the largest private storage facilities for refined petroleum products in sub-Saharan Africa.
The company’s main subsidiary Aiteo Eastern E&P is also a major infrastructure provider for Nigeria’s oil industry as the operator of the 97-km Nembe Creek Trunk Line, an industry-wide evacuation pipeline for produced fluids covering much of the country’s Eastern Delta region.
Aiteo Group was founded by award-winning Nigeria businessman Mr Benedict Peters.