Nigeria's Oando delays deal for ConocoPhillips assets

Nigeria's Oando said on Monday that it has delayed the completion of its $1.79 billion deal to buy Conocophillips' Nigerian assets by two months to January. Oando has been seeking equity and bank loan funding for the deal and to finance its transition from a marketer of refined petroleum products into an upstream business focused on oil and gas exploration and production. The deal to acquire ...
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Added December 03, 2013
from Yahoo Nigerian News