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Join Aztec Engineering Inc. for a Family Fun Golf Day - “In support of the “Nitehawk Landslide Recovery” All events Saturday, Jul 24, 2021 at 8:00AM Bear Paw Par 3 Golf Course | Map
Join Aztec Engineering Inc. for a Family Fun Golf Day - “In support of the “Nitehawk Landslide Recovery”
TEE TIMES: 9:00am – 8:00pm every 10 minutes
Pre-register for Tee-Times online at www.gobearpaw.ca/family-fun-day/
LUNCH: Following your round you will receive a Smokey & Pop
ENTRY FEE: $100 per Team/Family of 4, plus Optional T-Shirt Add-On for $15.00. Rental Clubs are available for $4/club. Please note you only need a Putter & Iron to play at Bear Paw Par 3 Golf Course.
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Interrogating the NNPC/Addax face-off over oil mining leases [opinion]
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By Meifor Igwe
IN contemporary Nigerian business context, oil mining leases are like the gold fish that cannot be hidden. And that is why oil mining leases 123, 124, 126 and 137 made headline news 23 years ago and they are back in the media space creating waves once again. They hold huge potential for Nigeria and everyone and can, therefore, not remain idle!
It is a fact that in 1998, the Nigerian National Petroleum Corporation, NNPC, entered into a 20-year Production Sharing Contract, PSC, in respect of certain oil mining leases (OMLs) with Addax Petroleum, a company listed on the Toronto Stock Exchange, TSX. The PSC was subsequently extended for a further four years, until 2022. The assets were OMLs 123, 124, 126 and 137.
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How NNPC tackled DPR, pushed Buhari to return revoked oilfields to Addax
The clash is another example of how government agencies appear to work at cross purposes and succeed in having the president do their bidding.
Days before the restoration of four oil mining licenses to Addax Petroleum, the
Nigerian National Petroleum Corporation (NNPC) launched a blistering tackle on its sister agency, Department of Petroleum Resources, with a strong appeal to President Muhammadu Buhari to reverse DPR’s revocation of the OMLs and reject a reallocation to another company.
The NNPC in a letter to the president on April 20 argued that the revocation of the oilfields would have implications on the Nigerian economy and the diplomatic relationship between Nigeria and China. Addax is owned by Sinopec, a state-owned Chinese firm, the nine-page memo seen PREMIUM TIMES shows.
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