Nigerian President who doubles as oil minister restores ownership of OML 123, 124, 126 and 137 to NNPC, JV partner with Addax President Muhammadu Buhari has ordered the Department of Petroleum Resources (DPR) to retract the letter of revocation of four oil blocks earlier given to Addax Petroleum, a company wholly owned by Government of the People’s Republic of China. The President also approved the restoration of all the OMLs 123, 124, 126 and 137 earlier revoked to the Nigeria National Petroleum Corporation, NNPC which is in production sharing…
Read MoreJUST IN: Buhari makes U-Turn, orders DPR to return revoked Addax oil blocks
