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Oando Energy Resources

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    • L-R Wale Tinubu CON, Group Chief Executive, Oando PLC, and Guido Brusco, Chief Operating Officer, General Director of Natural Resources, ENI; at the signing ceremony for the acquisition of the Nigerian Agip Oil Company (NAOC) on Thursday, August 22nd, in London, United Kingdom
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    • Oando Company Profile
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Source: Oando Energy Resources |

Oando PLC Completes $783 Million Acquisition of Eni's Subsidiary, Nigerian Agip Oil Company (NAOC)

This acquisition is a significant milestone in Oando's long-term strategy to expand its upstream operations and strengthen its position in the Nigerian oil and gas sector

Oando PLC ("Oando" or the "Company") (www.OandoPLC.com), Nigeria's leading energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce the successful completion of the acquisition of 100% of the shareholding interest in the Nigerian Agip Oil Company (NAOC) from the Italian energy…