President Muhammadu Buhari has approved the restoration of OMLs 123, 124, 126, and 137 to the Nigerian National Petroleum Corporation (NNPC).
A statement on Friday by the presidency which was made available to Naija News noted that the move is in line with the current administration’s commitment to the rule of law and fairness.
Buhari also ordered the Department of Petroleum Resources (DPR) to retract the letter of revocation of the leases while the NNPC is to utilize contractual provisions to resolve issues in line with the extant provisions of the Production Sharing Contract…
