Here is why DPR tagged some oil firms “economic saboteurs,” revoked Addax Petroleum Nigeria oil blocks More oil producers in Nigeria may lose mining leases as the government talked tough on activities of some of them it tagged as “economic saboteurs.” The government has also given reasons it revoked six Oil Mining Leases (OML) initially given to International Oil Companies (IOCs) including Addax Petroleum Nigeria Limited. Oil industry regulator, Department of Petroleum Resources (DPR), which declared this, added that the oil block leases were revoked due to the…
Read MoreMore IOCs may lose oil blocks, Nigeria talks tough on OMLs revocation
