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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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Imo is in darkness because of industrial action, says EEDC' Spokesman

Imo Capital, Owerri in darkness

Imo is experiencing acute shortage of  electricity because of the industrial organised by the labour union in state, the Head, Corporate Communication, Enugu Electricity Distribution Company ( EECD), Mr Emeka Ezeh has said.

He said the development has paralysed  activities, as business owners are counting thrur losses.

While speaking  to journalists in Enugu yesterday, Ezeh said that the industrial action has resulted in the shutting down of source of electricity supply in the state, adding that issue  has made it difficult for the DisCo to distribute energy to individual and corporate consumers. 

Ezeh said:" All customers of the company in Imo are currently lacking access to electricity on account of the development. 

We understand the inconveniences, which the issue has caused to the residents and we are hopeful that it would be resolved within the shortest possible time soon. 

According to him, EEDC has no choice than to call on customers to be more vigilant by protecting  electricity infrastructure from vandals, who are out to facilities. 

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