Home is where the heart is, so sang late Elvis Presley. This must be on the mind of philanthropist and oil tycoon, Benedict Benny Peters. For peters, the founder and CEO of Alieo group, home will always be the place for which you feel the deepest affection no matter where you are For almost […]
Lawyers in the country have hailed the judgment of an Abuja High Court which declared that the Chairman of Aiteo Oil and Gas , Mr Benedict Peters did not violate the Electoral Act when he donated to political parties during 2015 general election even though the act will heavily impact on the 2019 general polls. […]
For the avoidance of doubt, Aiteo group has said it has neither considered, initiated, nor announced the commencement of any plans to sell off ANY of its stake in OML 29. The firm clarified that ‘For the record, OML 29 was indisputable, legitimately and transparently secured in an internationally conducted divestment by the private entity, […]
Aiteo group has refuted on-line report alleging, that its company maintained a corrupt relationship with the erstwhile Nigerian Minister for Petroleum Resources, Mrs. Diezani Alison-Madueke. “ Any objective reader of the article would readily come to the irresistible conclusion that the publication is, to all intents and purposes, prejudicially designed to tarnish the image and […]
The Nigerian National Petroleum Corporation (NNPC) has recovered $202.4 million (about N62 billion) from AITEO Group. According to the Corporation on Tuesday, the recovered money was as a result of a final settlement reached with AITEO Group over an outstanding debt of under-delivery of petroleum products under the crude swap contract between 2012 and 2014. […]
Integrated energy group Aiteo (http://AiteoGroup.com) has announced a peak production of 90kpod just one year after its acquisition of sub-Sharan Africa’s reputedly largest onshore oil bloc OML 29. Aiteo acquired OML 29 in September, 2015 when oil major Shell Petroleum Development Company (SPDC) fully exited the facility. At the time of the divestment, average production […]
There should be consistency in policy making in Nigeria with regard to the power sector so that there will be continuity in policy so as to allow investors predict the next policy as they are not afraid of taking risks. This will help investors to make decisions along that way. The GMD, Aiteo Group, Dr. […]