IECL was incorporated in November 9, 2000 under the laws of the Federal Republic of Nigeria as an Oil and Gas services company to provide the following services to the Nigerian petroleum industry. Our capabilities include and not limited to:

• Engineering and Design
• Procurement and Construction
• Equipment and Technical Manpower Supply
• Oil and Gas Prospecting
• Oil and Gas Field Developments
• International Trading in Petroleum Products.

IECL is a fully owned indigenous company registered with the Department of Petroleum Resources (DPR); Nigerian National Petroleum Corporation (NNPC) as well as with all the major oil operators in Nigeria. Over the years, IECL has evolved into an international integrated energy services company of high repute.

The company is structured into four key categories of the oil and gas sector namely:

(1)   Upstream Division, that is involved in crude oil exploration, exploitation, production, oil well services, procurement, supplies, safety equipment and materials, capacity building, provision of technical manpower and all other related activities in the upstream. This division is headed by an Executive Director, Mr. Olu Famurewa. Also in the team is Mr. Wale Lawal, Business Development.



(2)    Downstream Division which consists of refining, marketing, operations, i.e. supply and distribution. This division is headed by an Executive Director, Mr. Ayodeji Fagbure.



(3)    Trading Division consists of importation of finished products such as DPK, ATK, PMS, and AGO; semi-finished products such as LPFO, HPFO, Bituminous products (60/70, S125, MC1, MC0 etc), oxidized bitumen for roofing, base oils for the manufacture of lubricating oils and waxes. Trading Division is also responsible for bunkering and deliveries to oil wells and rigs, deliveries to multinationals, other corporate bodies and indigenous players in the oil and gas sector. This division is headed by an Executive Director, Mrs. Chinny Ihekweme.



(4)    Engineering Services which handles Tank Farm Storage construction in either  BOT or BOO arrangements.

Industrial Energy Company Limited has entered into sole representational partnership agreements with several manufacturers to jointly pursue business opportunities in Nigeria, West Africa sub-regions, and Sub-Saharan Africa. IECL is a subsidiary of Industrial and General Insurance Plc (IGI), the largest and highest capitalized insurance company in Nigeria with shareholdersÒ funds in excess of USD $200 million dollars.

The IECL Consortium includes oil and gas trading companies registered in East Africa to supply markets with a range of petroleum products, including automotive diesel, jet fuel, gasoline, fuel oil, liquefied petroleum gas, and lubricants. On account of this capability, IECL is able to increase the value of our proposed approach by integrating supply-side capacity with our capability to construct and manage a petroleum storage facility.