The Federal Government has re-introduced a revised version of the Petroleum Industry Bill (PIB) which lawmakers are expected to pass into law before the end of the year, but unlike in previous versions, the input of oil sector operators was not sought in drafting it, which could impact both quality and quick passage.
This puts at risk a smooth passage of the bill because it could be subjected to protracted delay when it progresses to public hearings as part of the legislative process and operators, with a better grasp of reality, present genuine concerns based on their experience...for further reading, click on https://businessday.ng/energy/oilandgas/article/fg-omits-iocs-local-oil-producers-in-consultations-over-revised-pib/
SOURCE: BusinessDay Newspaper AUG 13, 2020.