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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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Egbin Leads At The 5th Saharalympics Games


By Favour & Akinola Ajibade


Egbin Power Plant has emerged champions at the fifth edition of Saharalympics Games, organised by the Sahara Group, an energy conglomerate with special interest in generation, distribution and allied areas.

The firm, in a statement made available to the News Mirror recently, said Egbin for the second clinched the highest gold medals in many sporting activities at the event.

It said that the games were keenly contested by five entities namely Asharami Energy, Ikeja Electric, Egbin Power, Asharami Synergy and Sahara Group Limited.

Speaking at the finals held at the University of Lagos Sports Complex, the Chief Executive Officer, Egbin Power, Mokhtar Bounour, said  team work, dedication and consistency, combined together gave Egbin the much needed victory.

Bounour said" Our emergence as Champions in this 5th edition of Saharalympic has shown that Egbin is on top of its performances in  job and sport. 

Adding that: “This victory is dedicated to the management and entire staff of Egbin Power. It is a reflection of our quality preparation for the games, coupled with the fact that our work-life balance culture is at its best. We commend all the staff who contested in the games, courageously representing Egbin Power at the Saharalympics and eventually making the company proud,” 

He further applauded the participants who represented other entities, noting that they displayed the spirit of sportsmanship as they gave their best to make the 5th Edition very colourful.

At the finals, Egbin Power consolidated its victory by winning the 100 meters female and male, 200 meters male, and Ping Pong race. The GenCo clinched a total of 11 Gold, 7 Silver and 4 bronze medals.

Also, the Managing Director, Sahara Power Group, Dr. Anthony Youdeowei, said: “The Saharalympics has become the symbol of Sahara’s commitment to fun in efficiency, a uniting platform that celebrates Sahara’s competitiveness, resilience and team spirit.”

The  Head, Corporate Communications, Sahara Group, Bethel Obioma said: “The Saharalympics personifies our collective passion for success and the spirit of unity within the Sahara Group. It is a platform that nurtures our competitive spirit, enhances camaraderie, and strengthens the bonds that fuel our passion for being MAD, that is, making a difference."

Saharalympics is the biennial games organized for Sahara Group’s employees working in the various entities located across Africa, Asia Europe, and the Middle East. Games featured in the 5th edition of the tournament included football (male and female), volleyball, basketball, lawn table tennis, table tennis, Chess, Scrabble, Draft, Ayo including track and field.









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