Monday, July 23, 2012

Nigeria's Petro Bill (PIB) Goes to Parliament

Goodluck Jonathan, Nigeria’s president, has sent the much delayed Petroleum Industry Bill (PIB) to parliament for debate

"I am happy to announce to you that this morning Mr President forwarded the Petroleum Industry Bill to the national assembly," Diezani Alison-Madueke, the West African country’s oil minister told reporters.

Nigeriahas seen various drafts of the PIB drawn up in recent years but they have been scrapped or re-written because government, lawmakers, and foreign oil companies couldn't agree on details.

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