The Nigerian National Petroleum Company Limited (NNPCL) reportedly paid $325.09 million to acquire Oando retail stations and a reception jetty in Apapa, among other facilities owned by Oando.
The national oil company announced in October 2022 that it acquired OVH Energy Marketing, operators of the Oando downstream assets. The Group CEO of NNPCL.
The acquisition consists of over 380 additional filing stations, a reception jetty with a monthly capacity of 240,000 metric tonnes, eight liquified petroleum gas plants, three lube blending plants, three aviation depots, and 12 warehouses
NNPC takes over Oando's strategic assets The company did not disclose the price at which it bought the assets and which company sold them.
Full story at NNPC Acquires Oando Petrol Stations, Jetty, Pays N140.55 Billion as PH Refinery Continues Test Run - Legit.ng
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