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Oando PLC Scholarships

Oando PLC is one of Africa’s largest integrated energy solutions provider with a proud heritage. It has a primary listing on the Nigeria Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. With shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP) Oando's earliest roots can be traced to the formation of Esso Africa in 1956. Esso Africa was a petroleum marketing company, a subsidiary of the Exxon Corporation of USA. To increase availability of petroleum products in the hinterland,[6] in 1976 the Nigerian government purchased a controlling stake in the company and rebranded the company as Unipetrol Nigeria. On 1 March 1991, Unipetrol became a Public Limited company. Later on in the same year, the Nigerian government sold 60% equity to the Nigerian public in an Initial Public Offering. By February 1992, Unipetrol was listed on the Nigerian Stock Exchange In 2014, it concluded the acquisition of ConocoPhillips' Nigerian business through its upstream subsidiary, Oando Energy Resources, making it the country's largest indigenous oil and gas producer at the time In July 2016, Oando entered into a tri-partite agreement with the Vitol Group, an independent trader of energy commodities and Helios Investment Partner, an Africa-focused private investment firm to form OVH (formerly known as Oando Downstream). The new company, (with its name formed from the initials of Oando, Vitol Group and Helios) is one of Nigeria's biggest suppliers and distributors of refined petroleum products

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