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Home World Africa

Oando Wins ‘Deal of the Year’ Award at Africa Energy Week 2024 – Africa.com

7 November 2024
in Africa
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Oando Wins ‘Deal of the Year’ Award at Africa Energy Week 2024 – Africa.com
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Oando PLC has won the ‘Deal of the Year’ award at Africa Energy Week 2024 for its $783 million acquisition of Nigerian Agip Oil Company from Eni. The acquisition, 10 years in the making, doubled Oando’s stake in the joint venture to 40% and marked the company’s role as operator. The award recognizes the transformative deal that represents 30 years of strategic planning and commitment towards becoming Africa’s first indigenous International Oil Company.

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