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Oando Acquires Oil Block In Angola

Oando Plc  Favour Ifeoluwa & Akinola Ajibade  Oando Plc  says it has completed and won the bid for the operatorship of oil block KON 13 in Angola. The firm which recently acquired Eni of Italy’s oil assets in Nigeria, said that the award of the oil block located in Angola’s onshore Kwanza Basin followed a competitive bidding process by the country’s oil and gas sector regulator. It further said hat the asset in which it owns 45 per cent participating interest, has estimated prospective resources of 770 to 1,100 million barrels of oil. Oando is handling its operations relating to the asset through its upstream subsidiary, Oando Energy Resources (OER). “Oando Plc,  Africa’s leading indigenous energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce that its upstream subsidiary, Oando Energy Resources (OER), has been awarded operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin, following a...
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Huge prospects, as Ondo exports Chocolates July

By Akinola Ajibade

Brighter future awaits sons and daughters of Ondo, as the state would start exporting Chocolates to Europe and United States respectively in the third quarter of this year 

Precisely, the agrarian state located in the Western part of Nigeria, would commence exporting Chocolates to Canada and U S A  as from July, 3022.

The Managing Director,   Sunshine Chocolate Factory,Robo Adhuze,disclosed this during an interactive forum with the media in Akure

The Sunshine Chocolate Factory is a Public Private Partnership between Ondo State government and an indigenous company, Schokville Ltd.

According to  him, the exports of Chocolates to Europe from Nigeria woud bring about increase in  revenue from non-oil exports for the country as well as boost the state’s economic development.

He said that the idea would be launch in London by the Niigeria High Commissioner to the United Kingdom, Amb. Sarafa Isola.

He added:“The Nigeria High Commissioner to the UK is eager to launch the product in London. He has even invited us to the UK to exhibit our products, but we are waiting to complete all necessary documentation.We are the ones slowing things down as we want to ensure a hitch-free exercise otherwise, the launch would have taken place in February or last weekend.

Adding that: ," The launch of the chocolate in London in July will be the precursor to the exportation of our products to the UK.This year, we would have our first official export as virtually everything is set. 

He also said the company’s exploratory team to Canada would return soon and a date would be fixed for the Canada launch, while the U.S.A, would follow in quick succession.

The Chocolate bars, he said were were already on sale in the United States and other parts of the world, though unofficially. 

He affirmed that the Ondo State government was not interfering in its operations, despite the fact that it is a  stakeholder.






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