Oando PLC has stated that its subsidiary, Oando Trading, was selected as the preferred bidder to lease the refinery assets of Guaracara Refining Company Limited (GRC), according to the Honorable Minister for Energy of Trinidad and Tobago.
Located in Pointe-à-Pierre, Trinidad and Tobago, the century-old refinery is central to the country’s oil industry and is being leased from Trinidad Petroleum Holdings Ltd (TPHL).
In a recent release signed by the Chief Compliance Officer and Company Secretary, Oando announced its successful selection to the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE).