Nigeria’s Oando Plc, owned by President Bola Ahmed Tinubu’s nephew, Wale Tinubu, has been shortlisted to acquire Trinidad and Tobago’s state-owned refinery, Petrotrin.<\/p>\n\n\n\n

Trinidadian Finance Minister Colm Imbert announced that Oando, along with CRO Consortium and INCA Energy, made the final cut from 10 initial proposals.<\/p>\n\n\n\n

The bidding process began in February 2024, with the government seeking expressions of interest. Proposals were evaluated based on five criteria, including a clear restart plan and timeline.<\/p>\n\n\n\n

This development comes as Nigeria’s state-owned refineries in Portharcourt, Warri, and Kaduna remain inactive. Nigeria imports petroleum products from Trinidad and Tobago.<\/p>\n\n\n\n

Key points:<\/p>\n\n\n\n

\n
• Oando Plc shortlisted to acquire Petrotrin refinery<\/li>\n\n\n\n
• Three companies made the final cut<\/li>\n\n\n\n
• Bidding process began in February 2024<\/li>\n\n\n\n
• Nigeria’s state-owned refineries remain inactive<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

  Nigeria’s Oando Plc, owned by President Bola Ahmed Tinubu’s nephew, Wale Tinubu, has been shortlisted to acquire Trinidad and Tobago’s state-owned refinery, Petrotrin. Trinidadian Finance Minister Colm Imbert announced that…<\/p>\n","protected":false},"author":2,"featured_media":2833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-2832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/news.contents101.com\/wp-content\/uploads\/2024\/10\/tinubudd-1024x577-1.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/posts\/2832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/comments?post=2832"}],"version-history":[{"count":1,"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/posts\/2832\/revisions"}],"predecessor-version":[{"id":2834,"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/posts\/2832\/revisions\/2834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/media\/2833"}],"wp:attachment":[{"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/media?parent=2832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/categories?post=2832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.contents101.com\/index.php\/wp-json\/wp\/v2\/tags?post=2832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}