Oando closes in on taking over Trinidad’s national refinery

Oando Plc has been shortlisted by the Trinidadian government as one of three final contenders to take over the country's state-owned refinery, which was owned by the defunct Petrotrin. Speaking during a budget presentation on September 30, the Trinidadian Finance Minister, Colm Imbert noted that among the initial 10 proposals, three companies had made the final shortlist including, CRO Consortium, a consortium of three Trinidadian companies, INCA Energy, an American company, and Nigeria’s Oando Plc. The bidding process began in February 2