Oando commits to driving Nigeria’s energy future with sustainable solutions
Oando Group pledges to drive Nigeria’s energy future through sustainable solutions, with major projects like Okpai leading the way.
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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
Tinubu emphasizes ability to create value as an indigenous partner of choice in Project Gazelle as another win for Oando and Nigeria.
Oando’s return to JSE is seen as a positive boost for investor confidence and market position under Wale Tinubu’s leadership.
Oando’s average production for 2023 was 20,837 barrels per day, slightly up from 20,703 barrels per day in 2022.
The contract, part of the Direct Sale and Direct Purchase (DSDP) initiative, was awarded to six oil companies.
This strategic move is set to play a pivotal role in the acquisition of a 20-percent participating interest in the Nigerian Agip Oil Company.
Wale Tinubu, a top figure in the Nigerian energy sector, owns an indirect stake in Oando Plc through his 66.67 percent stake in OODP.
Boyo’s stake in Oando is held through his 33.33-percent position in Ocean and Oil Development Partners.
Tinubu’s stake in Oando is held indirectly through his ownership of 66.67 percent of Ocean and Oil Development Partners (OODP).
Boyo is the deputy CEO of Oando Plc and owns an indirect 19.1-percent stake in the company.