News
16 November 2023

Oando secures $800m for acquisition of Nigerian Agip Oil Company

In:
Oil & gas
Region:
Middle East & Africa

Oando has signed an $800 million loan document with Afreximbank to facilitate the acquisition of 100% of the shares of the Nigerian Agip Oil Company.Upon completion, Oando's participation interest in Oil Mining License (OML) 60, 61, 62, and 63, located in the Northern Niger Delta, will...

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