DPR revokes six oil block licences due to ‘legacy debts’

Nigeria’s Department of Petroleum Resources has revoked six oil block licenses due to “legacy debts”, it said in a public notice on Thursday.

The notice, carried in some Nigerian newspapers, said the move was “in furtherance of the presidential directive”.

The oil mining leases (OML) and oil prospecting licences (OPL) affected are OML 98, 120, 121, 108 and 110, as well OPL 206.

A spokesman for the president declined to comment.

 

Source: Reuters

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