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More uncertainty as Nigeria revokes four Addax Petroleum licences

The Nigerian government through the Department of Petroleum Resources (DPR) has revoked the four oil licences belonging to Chinese-owned oil firm, Addax Petroleum Development Nigeria Limited, a development that continues to breed uncertainties in Nigeria’s oil and gas sector. Africa Oil & Gas Report, an energy intelligence publication by an analyst, Toyin Akinosho, reported that…

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