We've created a vibrant marketplace for energy trading
As an energy trader, Aiteo provides a central hub for the efficient movement of petroleum products to market. Trading is one more way that Aiteo is providing a broad, integrated energy solution to Nigeria and beyond.
Aiteo imports, exports and trades refined petroleum products in large quantities, making us one of Nigeria's major petroleum supply resources. Aiteo's activities help ensure that the marketplace has reliable supplies of products such as:
The African downstream sector is truly vast, ranging from petroleum supplies for land vehicles to the continent's sizeable shipping industry, while derivatives add a further revenue stream to the mix
Demand for lubricants alone is estimated at 1.8 million tonnes per year, representing some 5% of the global market for the products, with particularly strong opportunities in Algeria, Morocco, Nigeria, Sudan, Egypt and South Africa. Together, Algeria, Morocco, Nigeria and Sudan contribute around 500,000 tonnes per year to the pan-African total.
Kerosene is an important resource in areas where there is no main electricity grid; while combustible biomass is frequently used in these communities to provide heat and for cooking, it is kerosene that powers their lamps. The downstream oil industry is therefore already providing people with their light; with the right infrastructure investments, it can also deliver their warmth, and the ability to cook their food safely.
Of course, gasoline is a major downstream business area across Africa, as it is in other regions of the world. But a consistent fuel supply is not only a convenience; again there are social implications, as any disruption to the availability of gasoline at a fair price can have far-reaching effects on food delivery networks, leading many important staples of the African diet to rise significantly in cost.
We strive to ensure that Aiteo is the business delivering the necessary downstream infrastructure and products to keep fuel affordable.
To achieve this requires investment, but the route to profitability is clear: each improvement in efficiency, or development of a new product, unlocks greater earnings and new revenue streams, while expansion of downstream infrastructure literally allows us to enter new geographic markets by delivering our products to places other companies have never attempted to reach.