World Report

ith industry reform and liberalisation well under way, the Taleveras Group aims to leverage its strengths and experience to gain a leading edge in the domestic fuel supply business.

The group’s core operations currently revolve around the sourcing and delivery of oil and other commodities to major customers. Most recently, however, it has been diversifying, winning a couple of exploration blocks to move into the highly competitive and potentially lucrative upstream segment.

It has also broadened its reach into other areas, such as telecoms support services, engineering and construction, especially in the power sector.

Over the last few years, Taleveras has focused largely on the supply and distribution of automotive gas oil and fuel for coastal vessels, oil rigs and other large-scale industries in West Africa. It also supplies imported oil and gas products to the Nigerian National Petroleum Corporation (NNPC).

The company is active in the physical trading of crude and condensates from West Africa to the Atlantic Basin market, primarily Europe and North America, and has a presence in London and Geneva.

Igho Sanomi
Managing Director of the Taleveras Group

‘It is a dream to integrate into the upstrean sector’

Taleveras has established a position of trust among its customers, a valuable asset in a competitive business. Igho Sanomi, group Managing Director, says the company has always been there to supply petroleum products to the Nigerian market, even in times of shortage. “That really built up a lot of goodwill for us.”

He says that keeping promises is one of the company’s strengths, as well as strong management and able staff.
Taleveras recently secured a major contract to build three electrical sub-stations in conjunction with a Chinese partner. “This contract runs into millions of dollars and for the growth of the group it is a fantastic achievement.”

Like many other business leaders, Sanomi is full of praise for the national president and his reforms. In many respects, it is these reforms that have enabled companies like Taleveras to gain a firmer foothold in the market, even unlocking the door to upstream exploration. “For any energy trading company it is a dream to integrate itself into upstream activities,” says Mr Sanomi.