Financing for the acquisition of Eni's oil and gas assets: Oando obtains $800 million from Afreximbank : Orishas-finance

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Financing for the acquisition of Eni's oil and gas assets: Oando obtains $800 million from Afreximbank

21/11/2023

Source : ORISHAS FINANCE

Categories: Raw materials Companies

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Financing for the acquisition of Eni's oil and gas assets: Oando obtains $800 million from Afreximbank

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La compagnie oil Nigerian Oando has reached an agreement to produce green hydrogen and low-carbon electricity, obtaining an 800 million loan from the African Export-Import Bank (

"Serif"">Afreximbank).

La compagnie oil Nigerian Oando is active in expanding its ecosystem interests & eacute; local energy. The funding granted to Oando is materialized by an agreement signed on the sidelines of the biennial intra-African trade fair held in Cairo, Egypt, from Thursday 9 to Wednesday 15 November 2023. This financing aims to finance the acquisition of the Nigerian Agip Oil Company (NAOC), the subsidiary of the Italian energy company Eni. It will enable the acceleration of Oando's acquisition of Eni's onshore Nigerian oil and gas assets

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