• How Ayiri Cornered Escravos GTL Terminal Deal
Already active in Ghana and Libya, the Delaware-based oil products trader Petrogress has teamed up with a well-connected businessman in Nigeria to conquer the giant West African market. Petrogress, headed by Christos Talos, and Nigerian firm A &E Petroleum have created joint venture P&A Nigeria Oil Co with the aim to buy and sell products from oil extracted in the country.
A&E, which holds storage units (totaling 90,000 tonnes) in the Niger Delta and also has a logistics and construction arm, is led by Nigerian billionaire, Ayiri Emami The entrepreneur, who hails from the oil town of Warri in the Delta state and is from the Itsekiri community, was awarded several import product distribution licenses by Pipelines and Products Marketing Co
A&E was also mandated to work on the Escravos GTL terminal, jointly owned by American firm Chevron South Africa’s Sasol and the (NNPC). Owner of a luxury hotel in Escravos, Emami is a key political player in his homeland. He was named Ologbotsere (prime minister) of the Warri traditional leadership in late 2017.
