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Why DPR revoked Addax Petroleum oil licences

More reasons have emerged why Nigeria’s Department of Petroleum Resources (DPR) decided to revoke four Oil Mining Licences (OML) belonging to Addax Petroleum. BusinessDay had earlier reported on April 4 that the Federal Government had revoked the licences of OML 123, 124, 126 and 137 belonging to Addax Petroleum due to non-development of the assets…

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