#Petroleum Industry Bill (PIB)
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President Buhari Signs Petroleum Industry Bill Into Law
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law, a remarkable feat for his administration, his spokesman, Femi Adesina, said in a statement Monday. The new law is expected to encourage new investments into Nigeria’s huge oil reserves. “Working from home in five days quarantine as required by the Presidential Steering Committee […]
HeadlinesPIB: PENGASSAN charges FG on Investors Oriented and Balanced Bill
Kenny Folarin, Abuja The National President, Petroleum and Natural Gas Senior Association of Nigeria (PENGASSAN), Comrade Festus Osifo has charged the federal government to ensure an investor oriented and balanced Petroleum Industry Bill (PIB) when passed into law. Osifo while speaking in Abuja on Friday at the 6th Triennal Branch Delegates Conference noted that government […]
PIB: Society of Petroleum Engineers differs over Passage
Kenny Folarin, Abuja The Director, Society of Petroleum Engineers, Africa Region Prof. Omowumi Iledare has identified governance, regulatory institution and discretionary award of oil blocks as factor that may hamper the smooth operation of the Petroleum Industry Bill (PIB) when passed. Iledare while speaking in Abuja at the Nigeria International Petroleum Summit noted that the […]