Oando Selected Preferred Bidder For Refinery Lease In Trinidad & Tobago
Oando Plc has been officially selected as the preferred bidder for the lease of the Guaracara Refining Company Limited’s (GRC) refinery assets in Trinidad and Tobago.
This selection follows an official announcement by the Minister for Energy of Trinidad and Tobago and a formal notification from Trinidad Petroleum Holdings Ltd. (TPHL).
According to the company in a notice to the NGX seen by THE WHISTLER, this award underscores Oando’s track record in energy infrastructure, innovation, and operational excellence.
The company’s expansion into the Caribbean energy market aligns with its broader corporate strategy to establish a strong presence in high-potential international regions.
This partnership is also expected to strengthen Afro-Caribbean collaboration within the energy sector, fostering increased trade, investment, and knowledge-sharing between Africa and the Caribbean.
The move highlights Africa’s growing influence in the global energy landscape and showcases the role of indigenous African companies in driving cross-border economic transformation.
Commenting on the selection, the Group Chief Executive of Oando Plc, Wale Tinubu, stated the strategic investment aligns with its long-term vision of expanding into high-potential regions and growing its operational footprint.
He said, “Leveraging our vast technical expertise and global partnerships, we aim to maximise the refinery’s potential while ensuring sustainable operations that benefit all stakeholders.”
Located in Pointe-à-Pierre, Trinidad and Tobago, the Guaracara refinery is a critical energy asset in the Caribbean region. Established over a century ago, it has historically served as the cornerstone of Trinidad and Tobago’s oil industry.
The notice signed by Chief Compliance Officer & Company Secretary of Oando, Ayotola Jagun, showed that the refinery has a processing capacity of 175,000 barrels per day and a Nelson Complexity Index of 8.0. It is well-equipped to process regional crude oils and supply refined products to both domestic and regional markets.
Following this selection, Oando said it will engage in detailed discussions with the government and regulatory authorities to finalise the lease agreement and operational framework.
Oando Selected Preferred Bidder For Refinery Lease In Trinidad & Tobago is first published on The Whistler Newspaper
