President of Senate, Ahmad Lawan has pushed for a cost reduction in the production of crude oil by International Oil Companies operating in Nigeria. According to Lawan, the new Petroleum Industry Bill presently before the National Assembly would accommodate provisions…
Stakeholders in the Oil & gas sector have expressed that the Petroleum Industry Bill (PIB) is expected to provide competitive fiscal terms, weed out unnecessary operating cost components, resolve Deepwater PSC disputes, and smoothen out the transition to new lease…
The Lagos Chamber of Commerce and Industry (LCCI) has urged the National Assembly to ensure the passage of a competitive Petroleum Industry Bill (PIB) that would make Nigeria an investment destination of choice. Mr Muda Yusuf, Director General, LCCI, made…
