The group has business activities that span through the entire energy value chain.
Our core field of endeavor is centered within the Oil and Gas industry and its associated sub-sectors. The Group also participates in businesses in other industries that are synergistic to its core field and those businesses deemed strategic in its regions of operation.
The Group's strength is attributable to a number of factors: dedication to our core values, loyalty and integrity to our industry partners, and experienced professionals with prescience and abilities to breakthrough obstacles – in addition to these are our steadfast relationships that span generational bridges; lasting through changing markets and political conditions.
The first Sahara Group
company, “Sahara Energy Resource Limited”, was founded in 1996 as
an oil trading business focused on Nigerian and West African oil
products. Within 3 years the company had established herself as
a credible trading house securing trade lines from first class international
banks, like BNP Paribas and United European Bank.
Over the years, as the company grew in reputation and size, it became evident that there was a need to diversify into other industry-related businesses. Initially, this was done by creating divisions within Sahara Energy Resource Limited.
As the divisions grew into veritable businesses and revenue generators in themselves, they were established as separate limited liability companies, each with its own management and organizational structure, all co-existing as a part of the larger Group.
The Group has witnessed remarkable
growth since its inception and by year end 2007 had successfully
spun off 4 fully autonomous affiliate companies, leaving 13 operating
companies under the Group umbrella. The total staff strength of
all Sahara companies was 347 as at December 2007, with a combined
turnover of over $4.5 billion.
Management of the Group is vested
in Enageed Resource Ltd as the general overseer of all operating
companies and provider of centralized group functions. Daily management
of our operating companies is decentralized and vests with their
respective managers.
The Group is headquartered in Lagos, Nigeria. |