In a landmark development for the interna�onal business arena, the leading enterprise Sterling Oil Explora�on and Produc�on Company Limited (STERLING OIL)—spearheaded by prominent Indian industrialists and oil sector tycoons Ni�n Sandesara and Chetan Sandesara (The Sandesara Brothers)—has scripted a new chapter in the global energy sector. Through its subsidiary, Apex Global Energy Limited (APEX GLOBAL), the company has successfully finalized and completed the acquisi�on of Agip Energy and Natural Resources (Nigeria) Limited (AENR), the Nigerian subsidiary of Italian energy giant ENI, following the receipt of all necessary regulatory approvals. Valued at approximately $600 million (approx. ₹5,700 crore), this massive transac�on further elevates the stature of Indian enterprise on the global map. This acquisi�on stands out because Sterling Oil is a 100% family-owned, debt-free en�ty with zero external debt or public shareholders. The company successfully executed this major global acquisi�on en�rely through its own robust internal capital and financial discipline. In its official statement regarding the transac�on, ENI praised Sterling Oil as one of the most capable and prominent operators within Nigeria’s onshore landscape. Through this asset transfer, the company has secured a direct posi�on within Nigeria’s vital Renaissance Joint Venture, further cemen�ng Sterling Oil’s leading role in global oil and gas produc�on. Having established a strong presence in Nigeria’s energy sector since 2006, the Sandesara brothers now stand shoulder-to-shoulder with global energy �tans such as Shell, ExxonMobil, and TotalEnergies, proving the immense capability of Indian entrepreneurship on the interna�onal stage. With this milestone achievement, the Sandesara brothers and Sterling Oil have once again demonstrated how visionary leadership and independent financial management can drive remarkable transforma�on in the global energy landscape.
