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OML 113: PetroNor’s agreement with Yinka Folawiyo Petroleum creates Aje Petroleum

The separate investment and shareholders agreement concerning OML 113 between two Lagos based companies PetroNor E&P and Yinka Folawiyo Petroleum(YFP) has created a joint Special Purpose Vehicle (SPV) called Aje petroleum, to further develop the oil and gas field.   According to the details of the contracts seen by BusinessDay, the ownership of Aje Petroleum…

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