Oando PLC, Nigeriasleading indigenous energy group listed on both the Nigerian Exchange Limited NGX and Johannesburg Stock Exchange JSE, said its trading subsidiary, Oando Trading, has emerged as the preferred bidder for the lease of the Guaracara Refining Company Limited GRCs refinery assets from Trinidad Petroleum Holdings Ltd TPHL.
Oando said this follows the announcement by the Honorable Minister for Energy of Trinidad and Tobago on Thursday February 27, 2025, adding that the award underscores Oandos track record of reliability, innovation, infrastructure development and aligns with its Corporate Strategic Vision of expanding across the Caribbean region.
The company said the partnership represents a strategic bridge between Africa and the Caribbean as Oandos involvement in the Refinery will serve as a catalyst for deeper AfroCaribbean collaboration in the energy sector, paving the way for increased trade, investment, and knowledge exchange.
Chief Compliance Officer Company Secretary of Oando PLC, Ayotola Jagun, stated in a statement that, This initiative underscores Africas growing influence in the global energy landscape and highlights the role of indigenous African companies in fostering economic transformation across borders.