Ultra Capital Energy Limited Partners with NIPEX and OGFZA to Boost Nigeria's Oil and Gas Sector
Abuja, Nigeria – November 11, 2024
Ultra Capital Energy Limited, a leading energy company and subsidiary of Capital Luxury Group, has announced a significant expansion of its oil and gas services in Nigeria through strategic partnerships with the Nigerian Petroleum Exchange (NIPEX) and the Oil and Gas Free Zones Authority (OGFZA).
The partnerships were solidified following a high-level meeting between Dr. Edidiong Udoidiong, Chairman of Capital Luxury Group, and Alhaji Bamanga Usman Jada, Managing Director of OGFZA. The discussion centered on leveraging NIPEX's procurement platform and OGFZA's tax-free incentives to attract domestic and foreign investors, drive economic growth, create jobs, and increase Nigeria's daily crude oil production.
According to Dr. Edidiong Udoidiong, "We are committed to supporting the federal government's goal of increasing Nigeria's daily crude oil production. Our partnership with NIPEX and OGFZA will unlock investment opportunities in the Liberty Oil and Gas Free Zone, positioning Nigeria as a premier destination for oil and gas investments."
Ultra Capital Energy Limited provides comprehensive oil and gas services, encompassing petroleum haulaging, civil engineering, pipeline services, protocol and logistics, hospitality services, and upstream operations. Additionally, the company specializes in the installation of Compressed Natural Gas (CNG) plants, construction of CNG Mother and Daughter stations, conversion of vehicles to CNG-powered engines, and supply of CNG-powered vehicles.
Alhaji Bamanga Usman Jada praised the partnership, stating, "We welcome Ultra Capital Energy Limited's commitment to Nigeria's oil and gas sector. This collaboration will significantly contribute to the growth and development of the Liberty Oil and Gas Free Zone."
Ultra Capital Energy Limited, a subsidiary of Capital Luxury Group, delivers innovative energy solutions and drives sustainable growth in Nigeria's energy sector.
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