Oando Energy's CEO Wale Tinubu says Iran war has increased demand for Nigerian oil, lifting revenue and prompting output expansion.
Company produced average 32,500 barrels per day in 2025 and will add 10,000 bpd by drilling seven new wells before year‑end.
Oando aims to raise up to $750 million in 2026 through debt and equity to fund growth, acquisitions and an Angola production‑sharing contract.
Oando's stock rose about 2.8% while crude index gained 3.9% following the announcement.