Nigerian company, Oando PLC is preferred bidder for refinery

Oando PLC has been chosen as the preferred bidder for the lease of the Guaracara refinery.

Acting Prime Minister Stuart Young, (also Minister of Energy) said the decision was largely based on Oando’s strong financial track record, particularly its $1.5 billion acquisition of ConocoPhillips’ assets in Nigeria.

The evaluation committee noted that both Oando and the CRO Consortium had similar capabilities in operating refineries, but Oando’s ability to secure substantial financing in the upstream oil sector gave it an advantage. 

https://www.cnc3.co.tt/nigerian-company-oando-plc-is-preferred-bidder-for-refinery/