Breakfast Report - 29th March 2016
​Nigeria’s legislature has said it will commence debate on the Petroleum Industry Bill (PIB) this week with a view to quickly passing the all-important piece of legislature. We recall that a revised version of the PIB - Petroleum Industry Governance and Regulatory Framework Bill which leaves out the deeply contested fiscal terms was sent the National Assembly in December 2015. Nigeria’s Oil & Gas industry has seen very little investment since the PIB was first introduced close to a decade ago, stalling the country’s crude oil production at just about 2 mbpd over this time.
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