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Senate Passes PIB for Second Reading

The Senate on Tuesday at plenary passed for second reading the Petroleum Industry Bill (PIB). The passing of the bill for second reading followed an intensive debate on the intents and purpose of the PIB has been pending before the National Assembly since 2007. The PIB was sponsored for passage in 2007 and 2011 in the 6th and 7th Assembly, ...

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New PIB Seeks Establishment of Midstream Gas Infrastructure Fund

The new Petroleum Industry Bill, 2020, currently before the National Assembly, is proposing the establishment of a specialized intervention mechanism, called the Midstream Gas Infrastructure Fund, to deepen gas usage in the country. According to the bill, the purpose of the Fund shall be to make equity investments of government-owned participating or shareholder interests in infrastructure related to midstream gas ...

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PIB: NNPC Will not be Scrapped But Fully Commercialized- Minister

by Musa Ibrahim……………. The Minister of State for Petroleum Resources, Mr. Timipre Sylva, while meeting with the National Assembly over the Petroleum Industry Bill (PIB) has said that the Nigeria National Petroleum Corporation (NNPC) will not be scrapped rather will be fully commercialized. According to news reports yesterday over the transmission of the PIB from the presidency to the National ...

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Presdency Transmits PIB to National Assembly, NNPC, PPPRA, PEF Scrapped

There are strong indications that the Presidency may have transmitted the much awaited Petroleum Industry Bill 2020 to the National Assembly (NASS) and has proposed the creation of the Nigerian National Petroleum Company Limited. This move by the presidency to submit the bill to the NASS is not unconnected to the pledge by the Minister of State for Petroleum Resources, ...

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PIB: What Should Make A Good Fiscal Regime – Prof. Iledare

As efforts to reforming Nigeria’s oil and gas sector through passage of the Petroleum Industry Bill (PIB) remains on the front burner, industry experts have continued to weigh in on the provisions that will make the bill a good one, capable of producing desired objectives. Experts posit that a key element of the bill is the Fiscal provisions that takes ...

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Delay in PIB Creates Uncertainty in Petroleum Industry- WEIN

The President of the Women in Energy Network (WEIN), Mrs Funmi Ogbue has said on Monday that the delays in the passage of the Petroleum Industry Bill (PIB) has led to uncertainties in Nigeria’s Oil and gas industry. She said that the current sector framework is ineffective, citing regulatory overlaps in responsibilities., “The expedient passage of and purposeful implementation of ...

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Women have Enormous Potentials and Capabilities-NNPC Boss

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, , Mallam Mele Kyari, has said that women has enormous potentials and capacities to deliver on difficult tasks with efficiency and accuracy. He said this when a delegation of Women in Energy Network (WIEN) paid him a courtesy visit in Abuja. He assured them that NNPC  would continue to provide equal ...

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