Aiteo is one of Africa's fastest-growing energy leaders. We are an integrated energy group with a clear vision for the future and the experience and assets necessary to provide oil and gas on a regional and global scale. We discover, produce, store and deliver energy resources to marketplaces worldwide.
We are working on opportunities to responsibly develop energy resources in some of the world's most significant basins, including the huge potential of the Niger Delta basin in West Africa's offshore fields, and of the Benue Trough.
Aiteo Group is strategically focused on these business areas, with major prospects for immediate revenue growth and market penetration:
Exploration and production
Bulk petroleum storage
Refining of petroleum products
Trading, marketing and supply
Power generation and distribution
Each of these areas holds massive potential, with global focus on the future of energy generation, significant oil and gas reserves still to be found throughout Africa, and a large number of alternative revenue streams to be found in the refinement of different petroleum products and derivatives
With a drive towards building a high-quality asset base and significant growth on the horizon, we're well positioned to deliver long-term value for our stakeholders, as well as for our business partners and customers.
The foundation of our growth strategy is the energy and expertise of our employees, who are committed to working with integrity as they engage and build strong links with our stakeholders in order to deliver significant mutual benefits
We're proud of our heritage and the solid reputation of our founders – and of our impeccable track record of safe, reliable and environmentally conscious energy development.
A company that cares
We will always be guided by deeply held commitments to:
Responsible energy extraction and production
Helping fuel economic growth and improving quality of life through our activities
Being a resource for societal good
Aiteo maintains headquarters in Lagos, Nigeria and offices in Abuja, Port Harcourt, Warri, London and Geneva.
Founded in 1999, the company operated under the name Sigmund Communnecci Limited. The company name was changed to Aiteo during a rebranding exercise. The new brand signifies not only a change in name but a change in culture and strategy to propel the company to new heights.
Since its inception, Aiteo has been a trail blazer in the petroleum sector, helping to grow the downstream petroleum sector and providing constant availability of high quality refined products worldwide
In 2008, the company committed to building comprehensive energy capabilities and services from exploration through retail delivery of finished petroleum products plus electrical power.
Today, Aiteo is a full-spectrum, integrated energy company with services that span bulk petroleum products storage, marketing and distribution of refined petroleum products, oilfield services, electricity generation and distribution, LPG bulk storage and a fast-developing retail distribution network. Through strategic investment and steady growth,
Aiteo has one of the largest private storage facilities for refined petroleum products in sub-Saharan Africa. Assets include petroleum storage facilities with capacity of more than 320 million litres. This includes our Port Harcourt terminal with capacity of over 110 million liters and our Apapa terminal with capacity of approximately 210 million
B... P...Executive Vice Chairman
B... J...Chief Financial Officer
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