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Nigerian oil mogul Jite Okoloko exits Eroton following major board shake-up
His exit comes amid a major board reshuffle led by political and business heavyweight James Ibori, signaling a new chapter for the company.
His exit comes amid a major board reshuffle led by political and business heavyweight James Ibori, signaling a new chapter for the company.
He has also denied their accusations of intimidation, insisting they were not pressured into transferring their shares.
MRS Oil’s ability to navigate inflationary headwinds and leverage supply chain efficiencies highlights its resilience in Nigeria’s volatile energy sector.
This marks a key step in the company’s efforts to increase its oil production capacity to 100,000 barrels per day as part of its broader global expansion plans.
This ambitious plan relies on bringing three marginal fields online within the next year. Lulu-Briggs unveiled the strategy at the recent Offshore Technology Conference (OTC) in Houston.
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Aiteo is an integrated energy company.