Tonye Cole

Co-Founder & Group Executive Director - Sahara Group

Tonye Cole

Co-Founder & Group Executive Director - Sahara Group
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Biography

Tonye Cole
T

he Managing Director of Sahara Energy Resource Limited which he co-founded in 1996 with his friends Tope Shonubi and Ade Odunsi. Sahara Energy started out as an oil and gas company whose core business at the time was the trading of excess fuel oil from the Port Harcourt and Warri refineries.

With a refineries combination of hard-work and dogged determination not to be a middleman in the transactions, Sahara Energy established itself as a credible trading house within three years with a respectable trading line from a first class international bank, BNP Paribas. This has enabled the company to carry out transactions from the point of purchase from the refinery, chartering of vessels and shipping the products, to the point of sale and delivery to the end users. Within five years of operations, Sahara Energy had diversified into storage depot and vessel ownership, building depots in Lagos, Onne and Abuja with a combined capacity of 55,000 metric tonnes and a fleet of five vessels moving products across West Africa.

Today, Sahara Energy is a major employer of labour with a staff strength of just over 300 people. The company also has a growing portfolio which includes upstream assets with a marginal field block awarded in 2003 and an equity partner in Block 5 of the JDZ awarded in 2005.

All sessions with Tonye Cole

Workshop

15:30-16:30

Photo Session

16:30 -16:45