BUSINESS HEADLINE,

 

DPR Reveals Why Anambra, Enugu, Kogi Can’t Be Recognised As Oil-Producing States

The Department of Petroleum Resources (DPR) has noted that until they met the needed criteria, Anambra, Enugu and Kogi states cannot be regarded as oil-producing.

Concise News understands that the DPR revealed this in a letter to the Senate Committee on Petroleum (Upstream).

According to the DPR, the three states could only be declared oil bearing states if the oil firm in the area, Orient Oil, scales up its operations from oil prospecting to an oil mining lease.

It noted that these states, at the moment, cannot be said to be oil-producing since they have not met the needed requirements.

Speaking on the matter, the Chairman of the Committee, Senator Tayo Alasoadura, said the issue has to do with a referral to the committee on the contentious boundary between the three states.

According to him, a report that said “the Federal Government confirms Anambra oil producing ‎status” threw up the matter to the front burner.

Alasoadura added that his committee does not have the power to declare an oil-producing status on a state.

This is as he noted that the agency is in the best position to settle the matter with the National Boundary Commission (NBC).

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