Reflecting on its achievements after a decade of excellent
service delivery to its customers, the global energy trading company with a
downstream network has continued to develop along the value chain with
strategic upstream, midstream, and downstream assets central to its objective
of building a long-term future in the global energy and commodities
marketplace.
“We are pleased and proud of our growth and achievement at
Hyde Energy. Last year, we marked a decade of operating a business in Nigeria,”
Oladimeji Edwards, chief executive of Hyde Energy said in a statement.
“Despite all the challenges, this is a great feat for us,
and we are true to our commitment to excellence in decades to come. Over the
years, we have developed a strong footprint in Nigeria’s midstream and
downstream oil industry.”
“We have grown our client base and transaction volumes,
explored opportunities in the oil and gas value chain, developed additional
distribution channels for moving our products to the end user, and diversified
product offerings.”
He added that the firm has expanded its market share in the
supply and distribution of petroleum products, strengthened its footprint in
the international commodities market, and created partnerships to strengthen
indigenous participation in the country’s oil and gas sector.
Edwards stated that Hyde Energy has also expanded to
delivering value to customers outside Nigeria.
“We see our business’s future growth in our Lubricants
business and Liquefied Petroleum Gas (LPG). We have expanded our Lubricants and
other quality products that meet the needs of consumers across Sub-Saharan
Africa.”
According to him, Hyde’s retail stations, though still
expanding, have grown in Lagos, Calabar and Abuja, noting that there has also
been an expansion of its LPG from its first outlets in Lagos and a subsequent
one in Abuja.
“We are now commissioning in Makurdi and eight other outlets
across the country in the North and Southwest,” he said.
“Currently, our primary focus is to ensure that we get the
gas resources to run through our distribution network and keep that network
running to meet the growing demands in every neighborhood.
“There is a lot of work to be done and we are working with
industry experts to ensure that our products and services meet the highest
standards of quality and excellence. A rebranding of our Lubricants is
currently in process, and we will announce this in due course,” he added.