House of Reps set to revoke licences of ‘illegal’ oil block owners

The House of Representatives has said it would revoke licenses of some oil block operators who ‘dubiously’ obtained their licenses.

The House of Representatives Ad hoc Committee on Oil Prospecting License and Oil Exploration led by Hon. Gideon Wani said this on  Friday when the committee visited Belemaoil Producing Limited.

Wani also said the committe would support the people of the Niger Delta to be fully involved in  the business of petroleum products.

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.

He added that when such licenses were revoked they would be given to people from Niger Delta region who are interested in oil business.

Wani said: “We have been mandated by the House of Representatives to investigate all holders of prospecting and exploration licenses. We want to know the number of licenses and the number of companies operating with them. We also want to find out if the process of obtaining the licenses were followed.

“Niger Deltans have not been doing business on oil. We want to return some of this oil blocks to the people of this region. This is to allow people of this area to also do business. Belemaoil is in a good business to do this business because it is owned by somebody from the Niger Delta”.

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