Tag: Oil Blocks
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FG begins 2024 oil block bidding round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Tuesday, announced the commencement of the 2024 oil block licensing round.
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FG to divest 26 oil blocks of 8.211m barrels reserves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the International Oil Companies (IOCs) have proposed 26 oil blocks to be divested to indigenous companies with 8.211 million barrels of oil reserves.
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Falana threatens to sue Buhari over indiscriminate allocation of oil blocks to corporate, private individuals
A senior Nigerian lawyer, Femi Falana, has threatened to go to court if the Muhammadu Buhari administration goes ahead to allocate oil blocks to private individuals and corporate bodies. Falana said such allocations are a gross violation of the fundamental rights of the Nigerian masses to freedom from discrimination and equal right of access to…