China’s Addax is major beneficiary of restoration of oil leases by Buhari
By Addax, a unit of China’s Sinopec is expected to be a major beneficiary of the President Muhammadu Buhari’s reversal of a decision by the department of petroleum resources, DPR to revoke four oil permits. Bloomberg quoted presidential spokesman Garba Shehu as saying Buhari “approved the restoration” of the licenses to Addax Petroleum Corp. as part…
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