The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Friday said he has no special interest in Oil Mining Lease (OML) 11 being operated by Chevron, Vanguard reports.

An OML is a lease granted by the Federal Government to oil companies for the mining and disposal of petroleum products. A statement in Abuja by Mr Idang Alibi, the Director, Press and Public Relations in the ministry, said the minister did not have equity in OML 11.

It would also be recalled that Chevron recently also said that it does not have any equity in OML 11 as alleged by a group, the Ken Saro Wiwa Associates (KSWA). As such, it was not in a position to unilaterally transfer any interest in the lease to any other company.