The goal of AOG Energy is to invest in this core area of expertise that is part of our heritage. Our current energy portfolio reflects our characteristic ability to leverage past experience and to take bold, calculated risks.
Through Oryx Energies, we aim to respond to the energy needs of sub-Saharan Africa, one of the fastest growing regions in the world. We merged our trading and downstream operations to create one of the most extensive, integrated platforms, providing a reliable supply of fuels, products and services to domestic, industrial and maritime customers across the region.
Through Oryx Petroleum, we aim to become a leading oil and gas company, building on our past success as operators of assets in Africa and the Middle East, in proven hydrocarbon regions. Formed in 2010, Oryx Petroleum completed an IPO in May 2013 to pursue its ambitious exploration and growth strategy. AOG invested over $700 million between 2010 and the IPO in May 2013 to ensure the company's initial development. In April 2016, AOG welcomed Zeg Oil and Gas ("Zeg Oil"), a privately-owned firm based in the Kurdistan Region of Iraq, as a new shareholder and industrial partner in Oryx Petroleum, to enable the company to pursue its appraisal and production plans in the region. AOG remains the controlling shareholder.