Nigeria Approves New Petroleum Bill After 20-Year Delay ...Middle East

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Nigeria Approves New Petroleum Bill After 20-Year Delay
source : OILPRICE ( Middle East ) () 21
Nigeria's House of Representatives voted on Friday to approve a new petroleum industry bill in Africa's top oil producer and exporter, putting an end to 20 years of debates and delays. The House voted in favor of the bill on Friday, after the Senate had endorsed the new legislation on Thursday, Bloomberg reports. The new petroleum bill is aimed at attracting more foreign capital to the country's oil sector, Nigeria says. The Petroleum Industry Bill (PIB) has been two decades in the making to overhaul the way Nigeria will share its oil…

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