Oando PLC is a Nigerian multinational energy company operating upstream, midstream and downstream. In July 2016, Oando entered into a tri-partite agreement with the Vitol Group, an independent trader of energy commodities and Helios Investment Partner, an Africa-focused private investment firm to form OVH.
Oando PLC was founded in 1956
Oando announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited.
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Oando PLC Information
|Industry||Oil and Gas|
|Headquarters||Victoria Island, Lagos, Lagos State, Nigeria.|
|Adewale Tinubu (GCE)
Omamofe Boyo (DGCE)
|Products||Crude oil, Natural gas, NGL|
|Revenue||₦ 418.2M (2019-Q3)|
|₦ 13.2 Billion (2019-Q3)|
Number of employees
|Subsidiaries||Oando Energy Resources
- Recommended: 100 List of Richest companies in Africa 2021
Source – Wikipedia.