Ultra Capital Energy Limited, a leading energy company and part of Capital Luxury Group, is making significant moves to expand its oil and gas services in Nigeria. The company has formed strategic partnerships with the Nigerian Petroleum Exchange (NIPEX) and the Oil and Gas Free Zones Authority (OGFZA) to enhance the country’s oil and gas sector.

This partnership was finalized after a productive meeting between Dr. Edidiong Udoidiong, Chairman of Capital Luxury Group, and Alhaji Bamanga Usman Jada, Managing Director of OGFZA. The main goal of the discussions was to use NIPEX’s procurement platform and OGFZA’s tax-free incentives to attract both domestic and international investors. These efforts aim to stimulate economic growth, create jobs, and increase Nigeria’s daily crude oil production.

Dr. Edidiong Udoidiong emphasized the company’s commitment to Nigeria’s growth: “We are dedicated to supporting the federal government’s goal of raising the country’s daily crude oil production. Our partnership with NIPEX and OGFZA will open doors for more investments in the Liberty Oil and Gas Free Zone, positioning Nigeria as a key player in the global oil and gas industry.”

Ultra Capital Energy offers a wide range of services in the oil and gas sector, including petroleum haulage, civil engineering, pipeline services, logistics, and upstream operations. Additionally, the company specializes in Compressed Natural Gas (CNG) projects, such as building CNG plants and stations, converting vehicles to run on CNG, and supplying CNG-powered vehicles.

Alhaji Bamanga Usman Jada expressed his enthusiasm about the collaboration, stating, “We welcome Ultra Capital Energy Limited’s commitment to Nigeria’s oil and gas sector. This partnership will play a key role in the development of the Liberty Oil and Gas Free Zone and will contribute to the overall growth of the industry.”