FG threatens to revoke oil licences over idle wells as production hits 1.8m barrels daily

Hallmarknews | 21-08-2025 02:57am |

The Federal Government has warned oil companies holding operating licences without the capacity to invest and produce crude oil that their licences risk being revoked. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, issued the warning on Wednesday in Abuja while speaking at the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)

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