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Kaztec Engr asks A' Court to set aside judgment on OMLs 123, 124, 126, 137 dispute

Kaztec Engr asks A' Court to set aside judgment on OMLs 123, 124, 126, 137 dispute
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

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Kaztec asks a'court to upturn judgement affirming NNPC's ownership of OMLs

Kaztec asks a'court to upturn judgement affirming NNPC's ownership of OMLs
thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.

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Reps panel threatens to summon Buhari


Reps panel threatens to summon Buhari
The Reps panel is investigating the controversy surrounding some oil licenses.
3 min read
The House of Representatives Committee on Petroleum (Upstream) has given the Nigerian National Petroleum Corporation (NNPC) 14 days ultimatum to appear before it. Should the NNPC fail to appear, the committee said, it will summon the Minister of Petroleum, President Muhammadu Buhari.
The committee is investigating the revocation and reversal order on the operating licences of OML 123, 124, 126 and 137.
The oil assets have been the subject of dispute between Chinese-owned oil companies and the federal government. The dispute led to the revocation and restoration of the mining licenses by the Buhari administration. ....

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Nigeria's president restores four drilling permits revoked from China's Addax


Nigeria’s president restores four drilling permits revoked from China’s Addax
By William Clowes on 4/25/2021
(Bloomberg) Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec.
Buhari “approved the restoration” of the licenses to Addax Petroleum Corp. as part of his commitment to “the rule of law and sanctity of contracts,” spokesman Garba Shehu said in an emailed statement Friday. The West African nation’s oil industry regulator, the Department of Petroleum Resources, announced the termination of the leases on April 6.
The president directed the DPR “to retract the letter of revocation,” according to Shehu. He instructed the state-owned Nigerian National Petroleum Corp., which is in a partnership with Addax, to “resolve issues” in line with their contractual relationship, he said. ....

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Nigeria's Buhari Restores Oil Permits Revoked from China's Addax


William Clowes, Bloomberg News
Muhammadu Buhari Photographer: Drew Angerer/Getty Images
, Photographer: Drew Angerer/Getty Images
(Bloomberg) Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec.
Buhari “approved the restoration” of the licenses to Addax Petroleum Corp. as part of his commitment to “the rule of law and sanctity of contracts,” spokesman Garba Shehu said in an emailed statement Friday. The West African nation’s oil industry regulator, the Department of Petroleum Resources, announced the termination of the leases on April 6.
The president directed the DPR “to retract the letter of revocation,” according to Shehu. He instructed the state-owned Nigerian National Petroleum Corp., which is in a partnership with Addax, to “resolve issues” in line with their contractual relationsh ....

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