KEYFACT Energy
01/01/2024
Aiteo
Description
Aiteo are working on opportunities to 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.
The company is strategically focused on the following 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
History
Founded in 1999, the company operated under the name Sigmund Communnecci Limited. The company name was changed to Aiteo during a rebranding exercise.
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.