Buhari revokes oil licences of five companies

June 6, 2019
133 Views

President Muhammadu Buhari has ordered the revocation five oil exploration licences (OML as well as one oil prospecting licences (OPL) issued to five companies by the federal government.

The Department of Petroleum Resources (DPR) made the revelation in a public notice issued on Thursday.

The DPR explained that the revocation was based on a presidential directive to “recover legacy debts” owed by the companies operating the licences.

The five companies affected include Pan Ocean Oil Corporation (OML 98); Allied Energy Resources Nigeria, (OML 120 and 121); Express Petroleum and Gas Company (OML 108); Cavendish Petroleum Nigeria (OML 110) and Summit Oil International (OPL 206).

You may be interested

Why we shut down AIT, Beat FM, 50 others – NBC
News
2 views
News
2 views

Why we shut down AIT, Beat FM, 50 others – NBC

Webby - August 19, 2022

The National Broadcasting Commission (NBC) has disclosed reasons for revoking the licences of Silverbird Television, African Independent Television (AIT), Beat…

NBC’s revocation of broadcast stations licences is hasty- NUJ
News
5 views
News
5 views

NBC’s revocation of broadcast stations licences is hasty- NUJ

Webby - August 19, 2022

The Nigeria Union of Journalists (NUJ) has described the National Broadcasting Commission’s (NBC) revocation of 52 broadcast station licences as…

Atiku, Wike face-off: Truce committee meets in Port Harcourt
News
4 views
News
4 views

Atiku, Wike face-off: Truce committee meets in Port Harcourt

Webby - August 19, 2022

.By Egufe Yafugborhi, PORT HARCOURT THE committee seeking to broke truce between feuding Peoples Democratic Party (PDP) presidential candidate, Alhaji…

Leave a Comment

Your email address will not be published.