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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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Power: Gusau will experience outage for one month


By Akinola Ajibade


The  490,400 electricity customers in Gusau,  North Western State of Zamfara are going to  spend one month in darkness, the Kaduna Electricity Distribution Company( KEDC) has said.
 
Already, they have spent two days without , a development, which implies that they have twenty nine  days more to live in darkness.
The outage, which started July 29th  would end o August 28th, 2022, this year. 
KEDC is responsible for retail distribution and marketing of electricity in four states namely  Kebbi, Zamfara, Kaduna and Sokoto. 
In a statement made available to the Newsmirror, KEDC said that the outage  is between 9:00 am to 5:00 pm every day, adding that the development 
would enable the Transmission Company of Nigeria (TCN) to carry out maintenance work at the 132KV Gusau Transmission Station.
Speaking on the issue, the KEDC's Head of Corporate Communication, Abdulazeez Abdullahi, said that the faults discovered in the  supply of electricity to residents of the area, are going to be resolved soon. 
The statement said: “The Management of Kaduna Electric hereby informs its esteemed customers in Gusau and environs that there will be interruption of supply .The Transmission Company of Nigeria from Friday, 29th July, 2022 to 27th August, 2022, from 9:00am to 5:00pm daily.
Adding that: " The outage is to enable the TCN engineering crew to replace existing glass insulators with new polymer insulators..We sincerely apologize for the inconveniences this would cause our valued customers while assuring that electricity supply would be restored as soon as work is concluded daily”.

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