Tope Shonubi’s Sahara Group eyes 350,000 barrel output with 7 new rigs
Tope Shonubi’s Sahara Group ramps up oil output plans to 350,000 barrels per day with seven new rigs driving Nigeria’s upstream growth.
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Tope Shonubi’s Sahara Group ramps up oil output plans to 350,000 barrels per day with seven new rigs driving Nigeria’s upstream growth.
A Lagos court has cleared FBNQuest Trustees to appoint a receiver over Tope Shonubi’s KEPCO, opening the way to seize key power assets.
The agreement was reached during a recent meeting between Sahara Group’s leadership team and NNPC’s Group CEO.
This win pushes aside the state-owned Kenya Pipeline Company (KPC) and challenges the expansion plans of Tanzanian energy giant Lake Oil, owned by Ally Edha Awadh.
Shonubi is a co-founder and CEO of Sahara Group, a conglomerate with oil production, electricity generation, and oil trading operations.