FG Evaluates Addax Petroleum’s Assets
To hand over assets to new owners Following the Federal Government’s revocation of the Production Sharing Contracts (PSCs) on four assets belonging to Addax Petroleum Exploration Nigeria Limited (APENL), the Department of Petroleum Resources (DPR), has commenced the processes leading to the handing over of the facilities to new owners. DPR said yesterday that a committee had already been set up in preparations for the formal ceremony culminating in the takeover by the new operators, Kaztech/Slavic Consortium. A statement by the Head, Public Affairs of the agency, Mr. Paul Osu, said the committee was inaugurated in Abuja on Wednesday byRead More
