• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies

Oando becomes preferred bidder for Guaracara Refining Company in Trinidad, hints at Afro-Caribbean partnership 

Izuchukwu Okoye by Izuchukwu Okoye
March 11, 2025
in Companies, Corporate deals, Energy, Equities, Markets, Sectors
Oando Plc,

Oando

Share on FacebookShare on TwitterShare on Linkedin

Oando PLC has stated that its subsidiary, Oando Trading, was selected as the preferred bidder to lease the refinery assets of Guaracara Refining Company Limited (GRC), according to the Honorable Minister for Energy of Trinidad and Tobago.

Located in Pointe-à-Pierre, Trinidad and Tobago, the century-old refinery is central to the country’s oil industry and is being leased from Trinidad Petroleum Holdings Ltd (TPHL).

In a recent release signed by the Chief Compliance Officer and Company Secretary, Oando announced its successful selection to the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE).

RelatedStories

Oando Plc,

Oando continues with strong financial performance, reports 172% growth in gross profit in Q1 2025 financial report 

June 26, 2025
Oando Plc,

Oando posts N113 billion Q1 PAT for 2025, on surging income tax credit 

June 25, 2025

According to the release, this award reflects Oando’s ongoing reliability and innovation as it seeks to expand in the Caribbean.

‘’It marks a partnership between Africa and the Caribbean, with Oando’s role in the refinery aimed at enhancing collaboration in the energy sector and facilitating trade, investment, and knowledge exchange,’ the disclosure states.

This announcement follows Oando Energy Resources’ recent award of operatorship for Block KON 13 in Angola’s Onshore Kwanza Basin, disclosed on January 23, 2025.

Comments 

Wale Tinubu CON, Group Chief Executive of Oando PLC, expressed appreciation for the trust shown by the Trinidadian government in a recent announcement.

He stated, “We are honored by the confidence the Trinidadian government has placed in us with this award.”  

Tinubu highlighted that this strategic investment aligns with Oando’s vision for growth in high-potential regions, reflecting the value of leveraging technical expertise and global partnerships.

He added, “We recognize the significance of this opportunity and look forward to collaborating with all stakeholders to deliver maximum value for everyone involved.” 

Angola operatorship 

In late January 2025, Oando announced to the Nigerian Exchange (NGX) that its subsidiary, Oando Energy Resources (OER), has been awarded the operatorship of Block KON 13 in Angola’s Onshore Kwanza Basin.

This operatorship was granted to OER after a competitive bidding process organized by the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG).

  • Block KON 13 is located in the Kwanza Onshore Basin, which is known for its promising pre-salt and post-salt formations, with estimated resources ranging from 770 to 1,100 million barrels of oil.
  • It also features two previously drilled exploration wells that reached a target depth of 3,000 meters, where oil and gas have been observed at various depths.

Commenting on the success, Wale Tinubu stated: ‘’I am thrilled by our successful bid and award of Block KON 13 in Angola. This development underscores Oando’s relentless commitment to expanding our footprint across Africa and contributing to the continent’s energy sufficiency goals.’’ 


Follow us for Breaking News and Market Intelligence.
Tags: Guaracara Refining CompanyOando Plc
Izuchukwu Okoye

Izuchukwu Okoye

Okoye Izuchukwu is a financial market writer and trader with extensive expertise in both Nigerian and international markets. With a keen eye for market trends and a passion for insightful analysis, he translates complex financial concepts into engaging content. By combining practical trading experience with thorough research, Okoye offers valuable perspectives that empower readers to make informed decisions in the ever-evolving world of finance.

Related Posts

Oando Plc,
Companies

Oando continues with strong financial performance, reports 172% growth in gross profit in Q1 2025 financial report 

June 26, 2025
Oando Plc,
Company Results

Oando posts N113 billion Q1 PAT for 2025, on surging income tax credit 

June 25, 2025
Oando Plc,
Companies

Oando deepens upstream investment with $375m financing deal  

June 5, 2025
Oando Plc,
Companies

Oando secures $375 million injection from Afreximbank and Mercuria, eyes 100,000 barrels per day 

June 5, 2025
Oando Plc,
Equities

Will Oando Plc gain another 529% this year? 

February 12, 2025
Oando Energy secures operatorship of Block KON 13 in Angola, targets increased productivity 
Company News

Oando reports N47.7 billion pre-tax profit as full-year revenues top N4.1 trillion 

January 31, 2025
Next Post
UN migration agency faces financial strain, lays off thousands amid US aid cuts 

UN migration agency faces financial strain, lays off thousands amid US aid cuts 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics