Taleveras is a fully integrated company offering energy,
power generation and construction services. Its activities in the
energy industry are primarily centred on the physical sourcing and marketing of oil. It also provides engineering and power services. "Taleveras is a diversified energy and infrastructure conglomerate concentrating on oil & gas trading and supply, with further activities in power and construction." According to
Forbes, Taleveras "trades over 100 million barrels of crude oil as well as several million tons of gasoline, LPG and jet fuel. In April 2012, Taleveras acquired production-sharing contracts (PSCs) for three offshore oil blocks in Ivory Coast. In June 2013, Taleveras sold a 65% stake in one of its Ivorian offshore upstream projects to Lukoil of Russia for an undisclosed price. Taleveras has sold its remaining stake in the Ivorian oil blocks. Taleveras also owns a stake in a power distribution firm in Nigeria." Venture-Africa, a bi-monthly Pan-African business magazine that champions African capitalism, describes Taleveras thus: "trading close to a billion barrels of crude oil and millions of tons of condensates, gasoline, jet fuel, condensates and LPG every year. Taleveras also owns substantial stakes in two oil blocks in Nigeria as well as lucrative production sharing contracts in three offshore oil blocks in Ivory Coast. The group's power subsidiary constructs
electrical substations in Nigeria and recently acquired a majority stake in the Port Harcourt Electricity Distribution Company. Taleveras has an annual turnover of several billions of dollars. Igho Sanomi is the controlling shareholder of the group." On 30 July 2013, Taleveras emerged the bidders for Afam Power Plc. In October 2013, Taleveras signed a technical agreement with
Alstom Group for the rehabilitation and capacity expansion of the 776 megawatts Afam power plant located in
Rivers State.
Patrick Kron, who is the chairman and chief executive (Président-directeur général) of the French engineering conglomerate signed the deal with Taleveras on his visit to the President of Nigeria, Dr.
Goodluck Jonathan, which had in attendance Nigerian business leaders and members of the international business community in Lagos, Nigeria. The president and Chairman of Taleveras,
Igho Sanomi, led a delegation to
Ivory Coast in November, where an upstream deal with the government of the francophone West African State for offshore Block CI-523 were signed and sealed with officials of the Ministry of Energy and Petroleum, PETROCI, the national oil company of Ivory Coast, and
Afren, the
London Stock Exchange-listed independent oil and gas company. Taleveras had earlier acquired an interest in
Afren's CI-525, located near the
Ghanaian border in Ivory Coast. In December 2013, an oil industry services group,
Petrofac, in conjunction with Taleveras Energy Resources, signed a
memorandum of understanding detailing a five-year co-operation agreement with the Nigerian Petroleum Development Company, which seeks to support "NPDC's aims to further build indigenous capacity and technical capabilities of NPDC & its affiliates." In the MOU,
Petrofac and Taleveras agree to "provide financial, technical, and capacity and capability building support for the further development of NPDC's offshore block OML119 in a risk-based support agreement, by which reserves and license ownership are retained by NPDC." Taleveras is a member of an indigenous consortium,
Aiteo Consortium, which won the Oil Mining Lease (OML) 29, "the largest oil block among the four blocks offered to prospective reputable investors" by Shell Petroleum Development Company (SPDC). The consortium made the highest bid of $2.85 billion to defeat competitors. In January 2015, Taleveras signed a deal with the government of
Equatorial Guinea "to build a giant oil storage hub in the central African country. The
Bioko Island facility will have a total capacity of 1.34 million tonnes of storage for crude oil and products such as gasoline, naphtha, jet fuel and fuel oil, the firm said. It will be the largest crude and products storage facility in Africa." ==Crude Oil Swap==