DPR clarifies public on oil lease renewal - Harbours

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DPR clarifies public on oil lease renewal


Harboursandport.com:LagosThe Department of Petroleum Resources (DPR) has clarified the recent publication making the rounds notably in the Vanguard Newspaper and other national newspapers that the House of Representatives on Thursday, 24th January, 2019 said it would investigate the Minister of State for Petroleum Resources Dr. Ibe Kachikwu over alleged irregularities in the ongoing oil and gas lease renewal.
Dr. Ibe Kachikwu
Minister of State for Petroleum Resources

According to a press release from the ministry, the report further stated that the House will also probe the involvement of Department of Petroleum Resources (DPR) on the matter.
The Ministry said they would like to affirm most definitely that there are no irregularities associated with any lease renewal undertaken by the Ministry of Petroleum Resources and particularly, the Department of Petroleum Resources.
They also said that the process would start with an application from a lease holder, an evaluation from Department of Petroleum Resources, followed by a review by the Honourable Minister of State, Petroleum Resources and culminating in a recommendation to the President for final approval.
Based on the report, the Minister of State and the DPR await the advertised invitation from the House of Representatives, and as always, will respond to clarify any misunderstandings the House may have on the renewed leases as part of the normal oversight functions of the Assembly.

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