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...
By Favour Ifeoluwa & Akinola Ajibade
Nigeria has signed an agreement with Saudi Arabia to commence direct flights, passengers and cargo movement to Kuwait.
Known as Bilateral Sir Services Agreement(BASA) the deal would help in boosting trade, tourism and economic relations with the oil rich State of Kuwait and in a way impact on Nigeria's economy.
Signed on behalf of Nigeria by the Minister of Aviation and Aerospace, Mr Festus Keysmo during the ongoing International Civil Aviation Negotiation (ICAN) Event of the International Civil Aviation Organization (ICAO) in Riyadh, Saudi Arabia, Keyamo noted that the agreement would enhance the desired economic ties and cooperation between the two countries.
He said the idea was in tandem with the Renewed Hope Agenda of the current administration.
He underscored the important role which the Aviation Sector is positioned to play towards the successful implementation of the Renewed Hope Agenda which is aimed at bringing out over 50 million Nigerians out of poverty.
According to him, players in the aviation sector of both countries are going to latch on the opportunities being provided with the signing of the BASA to derive maximum benefits from it.
Keyamo also held bilateral talks with respect to commencement of flight operations for passengers and cargo, between Nigeria and Iran, with the Aeronautical Authorities of the Islamic Republic of Iran led by the President of Iran Civil Aviation Authority, Mr. Mohammadi Bakhsh.
Speaking at the occasion, the Acting Director General of Civil Aviation of the State of Kuwait, Engr. Emad Faleh Al-Jelwi , noted that the signing of the agreement on direct flights between his country and Nigeria signposted the beginning of a strong relationship in the areas of trade, commerce, tourism, education and other areas of socio-economic development which would be to the mutual benefits of the two countries.
He expressed confidence that Nigeria being the most populous and prosperous African nation would provide his country the desired inroad to the continent of Africa.
A statement by the Ministry on Wednesday said the minister urged both countries to maximally utilize the opportunities that are bound to come with the signing of the BASA.
On the Iran bilateral agreement Keyamo alluded to the fact that Iran and Nigeria had come along way and international politics should not be used as a barrier to stifle the harmonious relationship that existed between the two countries, as both countries are members of some international organizations and shared common world views and perspectives.
He assured the Iranians that he would work in concert with other government agencies towards ensuring the commencement of flight operations between the two nations.
Speaking earlier, Mr. Bakhsh had made reference to the exchange of BASA texts between both countries, which were initialed by the representatives of the Aeronautical Authorities of both countries in Tehran in 2021, and called for the operationalization of the Agreement.
He informed the minister that Tehran had designated Mahan Air for the operation of Tehran-Lagos route and requested Abuja to also designate its own carrier on the route.
He said he believed that Nigeria and Iran had a lot to benefit from the direct air service in view of their shared common interests.
He disclosed that Iran’s carrier, Mahan Air, fly to over 100 destinations in the world and that Nigeria could be a hub for cargo coperation for goods emanating from Tehran to Africa.
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