Combase Energy Limited was founded by  Victor Ovia in 2009 in Lagos Nigeria. After working with CyberSpace Networks, Omatek Computers, Vmobile Nigeria and Celtel Telecommunications, Nigeria for years as a telecommunication engineer, Victor left to become an enterpreneur and a major marrket player in the oil industry.

Based on his experience, Victor saw the value and flexibility that petroleum distributors provide to the major oil companies as well as the markets that the distributors serve. Regional petroleum distributors have the opportunity to build solid relationships with their customers and provide their customers with a full service petroleum offering. 

Combase Energy Limited began its petroleum distributorship with Zenith Bank in 2009 and continued to grow its corporate and retails customer base with primary focus being on industrial customers. In its early years, Combase Energy was able to achieve solid success with these industrial companies with a reputation of efficient service delivery. Combase Energy continued to be a leader in the petroleum distribution and later included petroleum importation to its chains of business. By moving to importation of petroleum products, TMC was able to provide its customers with costs savings due to lower handling costs and reduction in product losses.

Combase Energy Limited continued to grow both organically and was able to enter new markets throughout the different states in Nigeria. In addition to its entry into new markets, TMC’s growth in its pioneer state of Lagos drove a move from its and extended its offices to different parts of Lagos. The Combase Energy distribution facility has extensive fleet of oil tankers to support the bulk oil needs as well as having additional acreage to support future expansions. D Today, Combase Energy is one of the largest independent petroleum distributors in the country with approximately 16 million gallons distributed on an annual basis. Combase Energy is a multi-branded petroleum importer and distributor with a large customer base which includes; Glencore UK, Peace marine, Etisalat Telecommunications, Texaco Oil Company, Visafone Communications, Zenith Bank, CyberSpace Networks, amongst many others.

In addition to its petroleum importation and distribution business, Combase Energy diversified into other petroleum related businesses. As the company grew, so did the need for support services and corporate facilities. In 2011, Combase Energy moved its corporate headquarters from Apapa, to Victoria Island, Lagos. Today, Combase Energy is a full service petroleum products and services company and supports its customers with its philosophy of  Total Petroleum Management. Combase Energy has a strong heritage of providing leadership in the petroleum distribution business, and this heritage has provided a solid foundation for Combase Energy to continue providing quality products and services to its customers for many years to come. Combase Energy continues to be chosen by suppliers, customers and employees for their openness, honesty and integrity in the petroleum business.