FG waters down new PIB — Report

A new draft of the PIB is close to being finalised, potentially ending years of uncertainty that has blocked billions of dollars of investment, Reuters news agency reported. President Goodluck Jonathan said in his Democracy Day broadcast yesterday the re-drafted version of the bill would be submitted to the National Assembly next month. Licensing rounds, contract renewals and investment have been put on hold for five years pending the new bill to regulate Africa’s top oil and gas industry. Passing ...
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Added May 30, 2012
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