Nigeria May Finally Approve New Oil Bill After 2 Decades Of Work ...Middle East

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Nigeria May Finally Approve New Oil Bill After 2 Decades Of Work
source : OILPRICE ( Middle East ) () 17
Africa's largest oil producer and exporter, Nigeria, is expected to pass its new petroleum bill—twenty years in the making—as early as Wednesday, despite last-minute amendments that have created some controversy. The country's petroleum industry bill was submitted at the Senate at the end of last month. The Petroleum Industry Bill (PIB) has been two decades in the making to overhaul the way Nigeria will share its oil resources with international oil companies and aim to attract new investment in oil and gas. Community leaders…

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