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flag Nigerian oil firm Oando wins rights to develop a large oil block in Angola's Kwanza Basin.

flag Nigerian oil company Oando Plc has won the right to operate an oil block in Angola's Kwanza Basin, estimated to contain 770 to 1,100 million barrels of oil. flag Oando will lead the development with a 45% stake, alongside Effimax (30%) and Sonangol (15%). flag This marks Oando's entry into Angola's oil market and supports its goal to expand its operations across Africa.

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