Oil & Gas

Update: Court Orders Buhari To Renew Shell’s License For 20 years

250

 

The Federal High Court in Abuja on Friday, ordered President Muhammadu Buhari, in his capacity as the Minister of Petroleum Resources, to renew the Oil Mineral Lease 11 to Shell Petroleum Development Company (SPDC) of Nigeria for another 20 years.

The presiding judge, Justice Taiwo Taiwo, delivering judgment on a suit filed by Shell, however, ordered that renewal would be for 20 years and not 30 as requested by the company in its suit.

The Federal Government had earlier told the court that its decision not to renew the operating license of the company was in the interest of the nation’s security.

Shell, which is the plaintiff in the case, had approached the court in a suit number: CS/524/19, to seek its intervention over the controversy surrounding the OML 11.

The Minister of Petroleum Resources, President Muhammadu Buhari, is the 1st defendant while the 2nd defendant is the Minister of State for Petroleum Resources, Timipre Sylva.

 

Leave a comment

Related Articles

Tinubu signs three executive orders to incentivize nation’s oil and gas projects

President Bola Tinubu has signed three new executive orders in the oil...

Tantita, NSCDC, destroy illegal large oil store in riverine area of Ondo State

The Nigerian Security and Civil Defence Corps (NSCDC) and Tantita Security Services...

NNPC Ltd, OPEC pledge collaboration to attract investments, grow production

The Nigerian National Petroleum Company Limited (NNPCL) and the Organization of the...

Port Harcourt refinery to start producing 2.2m litres of diesel, petrol daily soon – FG

The Federal Government has announced that the Port-Harcourt Refinery is gearing up...

NNPCL GCEO Kyari Hinges Wealth Creation on Energy Security

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited...

Nigeria’s oil exports rose by 60.8% in Q3 of 2023 – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has disclosed that oil exports...

NNPCL, CBN partner for seamless banking operations

In their bid to foster transparency and seamless commercial operations, the Nigerian...

NNPCL hits another milestone with 14,000 bpd production from Akpo West Field

The Nigerian National Petroleum Company Limited (NNPCL) has commenced oil production from...

Queues at Abuja filling stations a local problem, will vanish soon, says NNPC GMD

Petrol queues in Lagos: NNPCL allays fear of scarcity, blames queues on resolved distribution issue

The Nigerian National Petroleum Company Limited (NNPCL) says the long queues in...

Climate Change: NNPCL partners U.S. govt, Deloitte to reduce greenhouse gas emissions from OML 34

Africa’s biggest oil company, the Nigerian National Petroleum Company Limited (NNPCL), is...

Resolve litigation on $1.3bn Malabu OML 245 deal, Pres. Tinubu orders AGF, Lokpobiri, others

President Bola Tinubu has given a marshing order to the Attorney-General of...

Bouyed by Pres. Tinubu’s economic policies, NNPC Ltd. woos South Korean investors for gas projects

Driven by the need to expand the scope of its Liquified Natural...

FG expedites talks with Morocco on Nigeria-Morocco gas pipeline project

Nigeria and the Kingdom of Morocco are intensifying discussions to fast-track the...

NNPCL records 214 oil theft cases in one week in Niger Delta

The Nigerian National Petroleum Company Ltd. (NNPCL) says it has recorded at...

NNPCL-facilitated Afreximbank $3.3bln crude oil pre-payment loan to address nation’s FX challenges, says spokesman Soneye

The Nigerian National Petroleum Company Limited (NNPCL) has explained the rationale for...

NNPCL uncovers 83 illegal refineries in Niger Delta in one week 

The Nigerian National Petroleum Company Ltd (NNPCL) has uncovered 83 illegal refineries...

We’ll produce diesel, aviation fuel before January end — Dangote

Diesel and aviation fuel will be produced from the Dangote Refinery in...

NNPCL records N2.5trn highest ever profit in 47 years

The Nigerian National Petroleum Company Ltd (NNPCL) has recorded its highest ever...

157 incidents of crude oil theft recorded in Niger Delta in one week, 17 suspects arrested – NNPCL

The Nigerian National Petroleum Company Ltd (NNPCL) says it recorded 157 incidents...