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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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Eternal Oil Emerges Domestic Sales Distributor of Dangote Refinery Products


By Favour Ifeoluwa & Akinola Ajibade


Eterna Oil Plc has been appointed as the domestic sales distributor of  Dangote Petroleum Refinery Products in Nigeria, its Managing Director, Mr Benjamin Nwaezeigwe has said. 

The company is a key in the nation's energy sector with presence in Lagos and other parts of the country 

Based on this, the firm's pivotal role as a major distributor of Dangote’s domestic products has not only  been solidified, but also underlined its commitment to enhance  product supply. 

Expressing enthuasim about the collaboration with Dangote Petrochemical Refinery Plant, Eterna Oil Plc, Nwaezeigwe said the partnership is a good one, capable of stgregtheniing the operations of both companies and Nigeria in particular.

He added: “We are proud to be appointed as an official distributor of Dangote refinery domestic sale in Nigeria. This partnership with Dangote refinery is a demonstration of our commitment to providing Nigerians with world-class Energy solutions that meet their needs and expectations. We are happy that we are keeping to our promise to stakeholders that the company will remain competitive even in the face of fuel subsidy removal.”

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