OML 29: how Aiteo's Benedict Peters charmed his creditors and the DPR
Africa Energy Intelligence reveals how trading house Aiteo founder, Benedict Peters, has cleared the air over his prized OML 29 bought from Shell for $2.58 billion in the oil-rich state of Bayelsa. Accra was the place to be - The [. [...]
Aiteo boss Benedict Peters steps up to handle crippling debt
Trading house Aiteo, which had prospered under Goodluck Jonathan's tenure, has recently had to start making hefty repayments to creditors that had helped the firm buy the giant OML 29. Aiteo founder and CEO, Nigerian businessman Benedict Peters, is using [. [...]
Some applaud and others lament Madueke’s departure
Muhammadu Buhari’s victory in Nigeria’s recent presidential election will result in the departure a strongest card in outgoing president Goodluck Jonathan’s hand: the controversial petroleum resources minister Diezani Alison-Madueke. While some traders who became oil explorers raked in riches during [. [...]
Who are the lucky winners in swap contract lottery?
Largely unnoticed in Nigeria where the media and politicians are riveted on the presidential election on Feb. 14, a unit of the Nigerian National Petroleum Corp (NNPC), Pipelines and Product Marketing Co (PPMC) renewed swap contracts in early January that [. [...]