Oando named Nigeria’s best company

23 February 2012, Sweetcrude, ABUJA – Oando Oil Plc has won the Nigeria Best Company of the Year Award at the 2012 Nigeria Oil and Gas (NOG) Conference in Abuja.

At a Gala Night organised by the conference to honour companies which had done well in the sector over time, Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Austen Oniwon, lauded “the impressive investment of Oando Oil Company in the oil and gas sector”.

Oniwon said the company merited the award given its active role in the upstream, mid-stream and the downstream sectors of the oil and gas sector.

He said: “The award is indeed a well-deserved one based on the company’s significant impact in the oil and gas sector.”

Oniwon also applauded the organisers of the 2012 Nigeria Oil and Gas, adding that “this year’s conference is unique in various areas of the industry.

“NNPC will continue to support the conference and sponsor the gala night because this is the only avenue where experts, stakeholders and engineers meet to discuss issues affecting the sector.

“We use this medium to appeal for better participation in subsequent years so as to develop the oil and gas industry.”

Also sapeaking, Dr Alirio Parra, the Senior Associate, CWC Group and Chairman of the 2012 NOG Conference, commended “the impressive multi-national investment of Oando Oil Plc both in Nigeria and internationally.”

Parra said that “Oando’s leadership position as Nigeria’s foremost integrated energy company was associated with successful achievements in all its subsidiaries across the entire energy chain.”

The chairman added that the company was Nigeria’s leading energy group with divisions in marketing, supply and trading, gas and power, energy services, exploration and production.

“Oando is a home grown company which has an international standard and had been in the vanguard of operation for years.”

Meanwhile, ExxonMobil won the Best Corporate Social Responsibility Award, Shell won the Best Excellent Company in Local Content Development, while Niger Dock won Best Project Company of the Year.

[size=20pt]In 2000, Ocean and Oil, a private investment company led by Nigerian entrepreneurs, Adewale Tinubu and Omamofe Boyo acquired a 30% controlling interest in Unipetrol Plc. In 2001, Ocean and Oil increased its stake in Unipetrol to 42% via an irredeemable convertible loan stock issue[/size]

see*noevil:

A WELL DESERVED AWARD TO ONE OF THE THIEVES WHO BENEFITED FROM FUEL SUBSIDY .