‘Some people are holding oil block licenses as souvenirs’ – Nigerian Minister Lokpobiri

Nigerian govt pledges support for local refineries, PENGASSAN

‘Some people are holding oil block licenses as souvenirs’ – Nigerian Minister Lokpobiri …C0NTINUE READING HERE >>>

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.

He vowed that oil block licenses without exploration activities will be revoked.

According to him out of the 60 licenses issued in the recent…

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