Tag: LEGACY DEBT

Energy

Why DPR revokes licenses of Pan Ocean, Summit Oil, others

By Olatunde Dodondawa The Department of Petroleum Resources (DPR) has revoked the oil licenses of of five companies due to non-settlement of legacy debt. The revocation of oil licenses was contained in a public notice issued on Thursday. The DPR revoked Oil Mining Licenses (OML) and one Oil Prospecting License […]