Nigeria: Chinese permits restored

Issue 437 - 29 Apr 2021

President Muhammadu Buhari has reversed a government decision to revoke four oil permits from a unit of China Petroleum & Chemical Corporation (Sinopec). Buhari approved the restoration of the licences to Addax Petroleum Corporation, as part of his commitment to “the rule of law and sanctity of contracts”, spokesman Garba Shehu said in a 23 April statement to Bloomberg.

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