Monday, January 24, 2022
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The Chief Operating Officer, Dr. Ainojie Alex Irune and General Manager, Commercial, Akinbambo Ibidapo-Obe, of Oando Energy Resources, OER, the upstream subsidiary of Oando PLC, recently paid a courtesy visit to the Prime Minister of Sao Tome and Principe, STP, Jorge Bom Jesus, and the Minister of Infrastructure, Natural Resources and Environment, Osvaldo Abreu.

Oando has been operating in STP since 2005 through its subsidiary, Equator Exploration Limited and has built a mutually profitable cooperation, over the last 14 years. At the meeting, Dr. Irune extended gratitude to Prime Minister Jorge Bom Jesus for the opportunity to discuss further cooperation between STP and Oando as well as exchange views on future development prospects.

During the meeting, Dr. Irune reaffirmed Oando’s commitment to support STP in building a sustainable economy, through successful exploration, drilling projects, knowledge transfer, and social impact investments.

The Prime Minister commended Oando, specifically on their social impact projects, including the donation of school buses, ambulances, building of schools, awarding scholarships to tertiary students in the University for Accounting, Administration, Information Technology, construction of road networks, and the funding of training for local entrepreneurs, amongst others. He said: “I recall vividly your company logo on school buses around the city. I worked on some of the projects then as Minister of Education. I thank Oando for being a good corporate citizen to STP.”

Oando’s projects in Sao Tome and Principe are in line with the company’s commitment to establish a Public-Private Partnership (PPP), with the ultimate goal of making the STP economy more robust, and in turn improve the lives of its citizens. The successful relationship between the country and the company reinforces PPP as one of the most viable instruments in moving the continent forward. What’s more, Oando’s commitment to PPP is evident, not only in its operations in STP, but also in Nigeria.


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