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Stakeholders worried over FG’s double standard in revoking oil licences

…Pan Ocean, Allied Energy, Express Petroleum affected

oil licences

Recent revocation of six oil mining leases by the Federal Government for non-payment of royalties is not sitting well with some stakeholders who believe this is sending the wrong signal to investors and lacks transparency. The Federal Government had reportedly revoked licences of six OMLs and one oil prospecting lease (OPL) in the onshore, shallow…

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