Tag: Agip

Oando PLC has successfully completed its acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant, Eni, for a total consideration of $783 million. The company, whi confirmed this development via a press release yesterday, said that the deal has been completed, representing a significant milestone in Oando’s long-term strategy. The transaction includes reimbursement and consideration for the asset. The acquisition is expected to solidify Oando’s position in Nigeria’s oil and gas sector, enhancing its operational footprint and expanding its upstream capabilities. Recall that Italian Oil Major, Eni,…