Oando completes $783 million purchase of Nigerian Agip Oil Company

INVESTIGATION: How Nigeria can resolve its multi trillion naira post-harvest losses INVESTIGATION: Poverty, shambolic education system keeping children out of school in Niger StateSPECIAL REPORT: In Northwest Nigeria, insecurity is fueling medical desertsThe disconnect between matter, energy and chronic disease management, By Mukaila KareemINVESTIGATION: How Nigeria can resolve its multi trillion naira post-harvest losses INVESTIGATION: Poverty, shambolic education system keeping children out...

Oando, which is listed in Lagos as well as in Johannesburg, considers the acquisition as a cornerstone of its long-term strategy to scale its upstream operations and beef up its position in the Nigerian oil & gas industry. The energy company will also take ownership of three gas-processing plants, the Brass River Oil Terminal, the Kwale-Okpai phases 1&2 power plants and associated infrastructure.

The company stated that the transaction is instantly cash-generative and is upbeat which would boost its cash flows considerably. ExxonMobil is also on course to conclude the transaction of selling its shallow-water oil assets to Seplat, a deal in the neighbourhood of $1.3 billion.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Oando Plc completes $783m acquisition of Eni’s subsidiary, Nigerian Agip Oil CompanyThis acquisition is a significant milestone in Oando's long-term strategy to expand its upstream operations and strengthen its position in the Nigerian oil and gas sector
منبع: PremiumTimesng - 🏆 3. / 78 ادامه مطلب »

Oando: Indigenous firms must step up to drive growth in Nigeria's energy industryOando Plc says indigenous companies must step up to drive growth in Nigeria's oil and gas industry.
منبع: thecableng - 🏆 2. / 80 ادامه مطلب »