The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri has said that some people in the country are holding oil block licenses as souvenirs and have failed to secure investment or undertake exploration activities. Lokpobiri disclosed this in a statement on Wednesday in Abuja while speaking on the challenges the sector is experiencing.
The Minister of State Petroleum Resources , Heineken Lokpobiri has said that some people in the country are holding oil block licenses as souvenirs and have failed to secure investment or undertake exploration activities. Lokpobiri disclosed this in a statement on Wednesday in Abuja while speaking on the challenges the sector is experiencing. He vowed that oil block licenses without exploration activities will be revoked.
recalls that in May this year, the Nigerian government commenced bidding for 12 oil blocks listed for sale.
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