Oando Plc, an indigenous energy company, at the weekend announced a successful $550 million participation in the Project Gazelle financing deal, raising the total disbursed amount to $925 million in the deal sponsored by the Nigerian National Petroleum Company Limited (NNPCL).
Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored by the Nigerian National Petroleum Company Limited.