Rejigging of oil deal will halt progress – President – -says time to put matter to rest

Hoping to put the renegotiation of the controversial 2016 Production Sharing Agreement (PSA) with ExxonMobil to rest, President Irfaan Ali yesterday said that he has accepted that although the deal is lopsided, a move to revamp it would not only deflate investor confidence but halt the progress of development and hurt mostly locals.

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