The House of Representatives has said it will revoke oil block licences of operators who did not follow due process in obtaining their licences.
The House Ad hoc Committee on Oil Prospecting Licence and Oil Exploration led by Hon. Gideon Wani spoke yesterday at Idama platform in Akuku Toru Local Government Area of Rivers State when the committee visited Belemaoil Producing Limited.
He also said it would support the people of the Niger Delta to be involved in doing business on petroleum products.
He said the Committee on Oil Prospecting Licence and Oil Exploration Licence was inugurated to investigate the licensing of oil companies operating in the country.
He noted that it would be a form of encouragement to retrieve licenses that were not properly obtained by some companies and hand them over to indigenous operators, adding that when such licenses are revoked, they would be given to people from Niger Delta region who have interest oil business.
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Reps to revoke oil block licences
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