Emmanuel Addeh in Abuja
Nigeria’s leading indigenous energy group, Oando Plc, yesterday confirmed its selection as the preferred bidder for the 175,000 barrels per day Guaracara Refining Company Limited (GRC) refinery assets from Trinidad Petroleum Holdings Ltd (TPHL).
Oando Plc, listed on both the Nigerian Exchange Limited and the Johannesburg Stock Exchange, in a statement, noted that it has now been formally advised in writing of its choice as the preferred bidder for the lease by the country.