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Palm oil is an edible vegetable oil derived from the mesocarp of the fruit of oil palms. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 36% of global oils produced from oil crops in 2014. Palm oils are easier to stabilize and maintain quality of flavor and consistency in ultra-processed foods, so they are frequently favored by food manufacturers. Globally, humans consumed an average of 7.7 kg (17 lb) of palm oil per person in 2015. Demand has also increased for other uses, such as cosmetics and biofuels, encouraging the growth of palm oil plantations in tropical countries.
Saudi Aramco, officially the Saudi Arabian Oil Group or simply Aramco, is a state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. As of 2022, it is the second-largest company in the world by revenue and is headquartered in Dhahran. It has repeatedly achieved the largest annual profits in global corporate history. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels, and largest daily oil production of all oil-producing companies.
Palm kernel oil is an edible plant oil derived from the kernel of the oil palm tree Elaeis guineensis. It is related to two other edible oils: palm oil, extracted from the fruit pulp of the oil palm, and coconut oil, extracted from the kernel of the coconut.
Abakaliki is the capital city of Ebonyi State in southeastern Nigeria, located 64 kilometres (40 mi) southeast of Enugu. The inhabitants are primarily members of the Igbo nation. It was the headquarters of the Ogoja province before the creation of the Southeastern State in 1967.
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The current conflict in the Niger Delta first arose in the early 1990s over tensions between foreign oil corporations and a number of the Niger Delta's minority ethnic groups who feel they are being exploited, particularly the Ogoni and the Ijaw. Ethnic and political unrest continued throughout the 1990s despite the return to democracy and the election of the Obasanjo government in 1999. Struggle for oil wealth and environmental harm over its impacts has fueled violence between ethnic groups, causing the militarization of nearly the entire region by ethnic militia groups, Nigerian military and police forces, notably the Nigerian Mobile Police. The violence has contributed to Nigeria's ongoing energy supply crisis by discouraging foreign investment in new power generation plants in the region.
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Conoil Plc is a Nigerian petroleum marketing company involved in the sale of regulated gasoline and kerosene, diesel, aviation fuel and low pour fuel. Other business activities of the firm include production and marketing of lubricants under the brand name Quatro. The company was previously known as National Oil and Chemical Marketing Plc until it was acquired by Conpetro in 2002.
Union Trading Company PLC commonly known as UTC PLC was a Swiss founded diversified conglomerate that was publicly listed on the Nigerian Stock Exchange. It was founded by Swiss traders that were affiliated with both Basel Trading Company and the Basel Mission and who wanted portions of their earnings to support the works of the mission. The traders already had business interest in India and Ghana prior to entering the Nigerian market. In Ghana, the group owned a thriving cocoa business before the beginning of World War I, years after the war, the group established its subsidiary in Nigeria in 1932.
Carson Cumberbatch PLC is one of the largest conglomerates in Sri Lanka which also has business interests in Indonesia, Malaysia, and India. The company has its origin in the colonial era, having been founded by merging two companies founded by R. B. Carson and Henry Cumberbatch. The Selvanathan family, founders of the Sri Krishna Corporation, is the ultimate controlling shareholder of the company.
References
- ↑ Aja, Idika (2024-05-16). "Okomu Oil Vs. Presco Oil: Data shows one company outdid the other in 2023". Nairametrics. Retrieved 2024-05-16.
- ↑ "Okomuoil | Okomu Oil Palm - FY 2023 Quick take: Strong Revenue growth across all business segments drives profitability". hub.african-markets.com. Retrieved 2024-05-16.
- ↑ Owoeye, Olufikayo (17 April 2020). "Okomu Oil plc: Reaping gains of consistent investment in Nigeria's agribusiness value chain".
- ↑ Udi, Aghogho (2024-05-14). "Militant group demands 25% of Okomu Oil Plc shares after fatal attack on host community". Nairametrics. Retrieved 2024-05-16.