{"id":133500,"date":"2024-10-08T10:48:21","date_gmt":"2024-10-08T09:48:21","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery"},"modified":"2024-10-08T11:51:31","modified_gmt":"2024-10-08T10:51:31","slug":"tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery","title":{"rendered":"Tinubu\u2019s nephew-owned Oando, two others shortlisted to acquire Trinidad\u2019s refinery"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Nigeria\u2019s oil company, Oando Plc owned by President Bola Ahmed Tinubu\u2019s nephew, Wale Tinubu, has been shortlisted by the Trinidadian government as one of three final bidders to take over the country\u2019s state-owned refinery, Petrotrin.<\/p>\n

The Trinidadian Finance Minister, Colm Imbert, disclosed this during a recent presentation of its national budget.<\/p>\n

The defunct company is a state-owned oil company in Trinidad and Tobago.<\/p>\n

He 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\u2019s Oando Plc.<\/p>\n

According to available data, the bidding process began in February 2024, when the government of Trinidad and Tobago enlisted the services of US-based Scotia Capital to spearhead the refinery\u2019s procurement by inviting \u201cexpressions of interest.\u201d<\/p>\n

Imbert noted, \u201cA formal selective Request for Proposals process will now be initiated to determine the winner among these three companies, to restart the refinery, if found feasible.\u201d<\/p>\n

He explained that the proposals received were evaluated based on five criteria which were, a clear restart plan and timeline by the proposing company.<\/p>\n

Nigeria imports petroleum products from Trinidad and Tobago, according to data from the National Bureau of Statistics.<\/p>\n

The development comes at the same time Nigeria\u2019s state-owned Portharcourt, Warri and Kaduna remain moribund for years.<\/p>\n

This comes as the Nigerian National Petroleum Company Limited failed to kick off petroleum production in the Portharcourt refinery after several missed deadlines.<\/p>\n

For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Nigeria\u2019s oil company, Oando Plc owned by President Bola Ahmed Tinubu\u2019s nephew, Wale Tinubu, has been shortlisted by the Trinidadian government as one of three final bidders to take over the country\u2019s state-owned refinery, Petrotrin. The Trinidadian Finance Minister, Colm Imbert, disclosed this during a recent presentation of its national budget. The […]<\/p>\n","protected":false},"author":84,"featured_media":133499,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[254,6691,945,14945],"class_list":["post-133500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-nigeria","tag-oando","tag-tinubu","tag-trinidad"],"yoast_head":"\nTinubu\u2019s nephew-owned Oando, two others shortlisted to acquire Trinidad\u2019s refinery - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s oil company, Oando Plc owned by President Bola Ahmed Tinubu\u2019s nephew, Wale Tinubu, has been shortlisted by the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu\u2019s nephew-owned Oando, two others shortlisted to acquire Trinidad\u2019s refinery\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s oil company, Oando Plc owned by President Bola Ahmed Tinubu\u2019s nephew, Wale Tinubu, has been shortlisted by the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-08T09:48:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-08T10:51:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1728372051.898077.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1424\" \/>\n\t<meta property=\"og:image:height\" content=\"802\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tinubu\u2019s nephew-owned Oando, two others shortlisted to acquire Trinidad\u2019s refinery\",\"datePublished\":\"2024-10-08T09:48:21+00:00\",\"dateModified\":\"2024-10-08T10:51:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery\"},\"wordCount\":268,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/10\/sm_1728372051.898077.jpg\",\"keywords\":[\"Nigeria\",\"oando\",\"Tinubu\",\"Trinidad\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-nephew-owned-oando-two-others-shortlisted-to-acquire-trinidads-refinery\",\"name\":\"Tinubu\u2019s nephew-owned Oando, two others shortlisted to acquire Trinidad\u2019s refinery - 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