Ben Peters Devastated, Economic Problems Worsen As Militants Blow Up Aiteo Oil Pipeline

Information filtering in have it that oil man Ben Peters is currently devastated.

And is much talked about economic woes compounded.

And the reason for this is attributed to the major damage suffered by a vital and consistent source revenue for his company’s Aiteo Oil and Gas.

Societynowng.com leant militant ruptured pipeline belonging to the company early morning Saturday May 28 2016.
The target was the the 100km Nembe trunkline acquired from Shell Production Development Company (SPDC) in 2014.

Insiders confirm Shell still depended on to ruptured trunkline to convey crude to its Bonny Export Terminal based on contractual arrangement with Ben Peters and his Aiteo Oil and Gas company.

”The implication of this is that Ben and his company suffer a huge hit from company coming from arrangements from shell and related use of that particular crude convey route” a source analysed the development.

And for Peters who is currently doused with talks of intending sales of one of his major assest OML 29 over inability to stick to terms repaying loans used for investment purposes – as well as evade interest from authorities – the implication of the attack on the pipeline on his economic status is labelled ”enormous”

Here is a link for an initial story for background –

http://societynowng.com/Aiteo-Boss-Ben-Peters-Not-Putting-Up-2-7-billion-Acquisition-Shell-OML-29-For-Sale

”He needs all points of revenue to be running full steam at present” an insider stated

Societynowng.com learnt the attack on the Aiteo facility was carried out by militants using speed boats and the attackers remain at large with threats of more damage to come.

Another Oil company, Nigeria Agi Oil suffered the same fate, same day.