
Wale Tinubu's Oando lands $650 million Agip deal backed by AfrexInsure
The agreement strengthens Oando’s presence in Nigeria’s oil and gas sector and deepens its long-standing partnership with Afreximbank.
The agreement strengthens Oando’s presence in Nigeria’s oil and gas sector and deepens its long-standing partnership with Afreximbank.
The project, expected to play a key role in Nigeria’s shift toward sustainable energy, will be executed by Oando Clean Energy, the renewable energy unit of Oando Energy Resources.
The move positions the oil company for deeper integration into the Caribbean’s refining sector, strengthening its international footprint.
This was driven by higher crude oil volumes, rising gas prices, and favorable exchange rate translations.
This highlights Oando's dominance in the energy landscape as the company continues to expand its footprint both locally and globally.
This marks a key step in the company’s efforts to increase its oil production capacity to 100,000 barrels per day as part of its broader global expansion plans.
The second phase, accelerated from its original late-2024 timeline, now produces 60,000 barrels of oil per day and 70 million standard cubic feet of associated gas daily.
Acquisition of NAOC strengthens Oando’s position as a major player in Nigeria’s energy sector.
Minority shareholders push for governance reforms at Oando Plc amid delisting uncertainties, seeking stronger protections and transparency to safeguard their interests.
Oando Group pledges to drive Nigeria’s energy future through sustainable solutions, with major projects like Okpai leading the way.
Irune highlighted the company’s focus on deepening regional investments while working closely with local governments and host communities.
Nigerian mogul Wale Tinubu's Oando Plc has been shortlisted as one of three final contenders to acquire Trinidad and Tobago's $15-billion Petrotrin refinery, marking a potential major expansion into the Caribbean energy market