Oando Energy Predicts Higher Revenue Growth For Nigeria Due To Iran War

Indigenous oil producer Oando Energy, has predicted a surge in revenue for Nigeria, due to the Iran war, which has damaged the Gulf’s reputation as a safe operating environment.
Its Group Chief Executive Wale Tinubu said, challenges in the Strait of Hormuz have shown that “the Middle Eastern premium you got from being a stable environment to produce hydrocarbons has been shattered.
Tinubu, made the projection in an interview with Bloomberg TV on the sidelines of the Africa CEO Forum in the Rwandan capital, Kigali.
The firm, which operates oil and gas facilities in Nigeria’s Niger Delta region, has seen demand from Europe and Asia.
Tinubu projects oil prices will remain in the $70 ...