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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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' Row over Visa between France and Algeria settled'


By Favour Ajibade


Row over visa between France and Algeria has ended, days after Paris and Rabat sorted out their differences on similar issue.

French Interior Minister Gerald Darmanin, on a visit to the capital Algiers, announced a return “to a normal consular relationship” with Algeria, according to a statement posted on Twitter.

In September 2021, Paris reduced visa quotas to its former colonies of Algeria, Morocco and Tunisia, in a bid to encourage the countries to cooperate against irregular migration.

Paris slashed rates by 30 percent for Tunisia, and 50 percent for Algeria and Morocco, in the hopes the countries would repatriate their citizens living in France as irregular migrants.

The move sparked widespread public anger.

France restored visa rates with Tunisia to pre-Covid levels in August, and on Friday, French Foreign Minister Catherine Colonna said Paris had returned to “full consular cooperation” with Morocco.

Consular ties with both Algeria and Morocco were effective since December 12, Paris has said.

On Sunday, Darmanin praised an “extremely strong relationship” between Paris and Algiers.

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