Oando hives off cut price Brass as Conoco Nigeria deal delayed

摘要

Oando has been given extra time to buy the Nigerian assets of ConocoPhillips and has also managed to hive off the purchase of the stake in the unloved Brass LNG project into a separate cut price deal. The US $1.8 Bn sale was originally agreed at the end of last year and expected to conclude in the middle of this. Oando has tried to allay fears that it was struggling to raise finance on several occasions.