UK APPROVES SWEEPING LAW TO BAN CIGARETTE SALES FOR FUTURE GENERATIONS. (PHOTO).

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 UK approves sweeping law to ban cigarette sales for future generations  The United Kingdom has taken a major step toward eliminating smoking among future generations after lawmakers approved sweeping legislation that bans the sale of cigarettes and other tobacco products to anyone born on or after Jan. 1, 2009. The measure, one of the most aggressive anti-tobacco efforts globally, ensures that today’s children will never be legally sold cigarettes. It also outlaws the sale and supply of herbal smoking products and cigarette papers to the same age group, while introducing a nationwide ban on snus, an oral tobacco product. The law establishes strict enforcement measures, including fines for retailers who fail to verify ages and harsher penalties for repeat violations, with courts given the authority to suspend businesses from selling tobacco or vaping products for up to a year. The legislation significantly expands government oversight of vaping, granting officials the power to...
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OANDO SECURES LEASE FOR GUARACARA REFINERY IN TRINIDAD. (PHOTO).

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 Oando Secures Lease for Guaracara Refinery in Trinidad


Oando Plc has emerged as the preferred bidder for leasing the Guaracara Refinery in Trinidad and Tobago, outcompeting CRO Consortium and INCA Energy.


Trinidad’s Minister of Energy, Stuart Young, attributed the decision to Oando’s strong financial track record, citing its $1.5 billion acquisition of ConocoPhillips’ assets in Nigeria in 2014.


Young highlighted the financial struggles of Petrotrin, the country’s energy firm, which faced escalating losses from $361.5 million in 2014 to $1.2 billion in 2016, alongside a decline in oil production.


The Cabinet-approved Evaluation Committee, comprising industry experts, shortlisted three companies before selecting Oando Trading DMCC as the preferred bidder.


The government reaffirmed its commitment to protecting Paria Fuel Trading Company’s assets, ensuring fuel supply stability and securing resources during the refinery’s restart.


In January, Oando also secured operatorship of Block KON 13 in Angola, a resource-rich area, further expanding its global energy portfolio.

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