From the company’s origins in downstream petroleum retailing, Oando has refocused its business model to encompass the complete value chain. Today, the company comprises of six companies that specialise in upstream, midstream and downstream activities; combining to form one of sub-Saharan Africa’s leading indigenous energy companies.
Oando is driven by a desire to provide efficient energy solutions for Africa and is committed to exploring, producing and supplying the energy that drives the future growth of West Africa’s economy. The company has invested substantially in assets across the energy value chain; formed strategic alliances to maximise productivity; and consistently delivers value to stakeholders in an environmentally safe manner.
With a primary listing on the Nigeria Stock Exchange, Oando is the first African company to have a cross-border inward listing on the Johannesburg Stock Exchange; in addition, a subsidiary company is listed on the Toronto Stock Exchange.
Operating in the complete value chain
Oando holds interests in 13 licenses for the exploration, development and production of oil and gas assets located onshore, swamp, and offshore
Oando’s Gas and Power business is in the distribution of natural gas, along with power initiatives aimed at electricity generation and distribution in Nigeria and other West African countries
The Group’s operations in the downstream sector is comprised of its Marketing, Supply & Trading and Refining & Terminaling businesses