PIB will address Production Sharing Contracts issues on gas Sylva
On
Mr. Timipre Sylva, Minister of State, Petroleum Resources.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas.
Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja.
The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).”
The Department of Petroleum Resources says it has reviewed five terms for gas development under the Production Sharing Contracts in the Country. Mr Sarki.
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Daily Post Nigeria
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Good morning! Here is today’s summary from Nigerian Newspapers:
1. The World Trade Organization (WTO) has finally appointed ex-Finance Minister, Dr Ngozi Okonjo-Iweala as the organization’s Director-General. WTO confirmed her appointment at a special meeting of the General Council, following a selection process that included eight candidates from around the world.
2. President Muhammadu Buhari and other world leaders yesterday hailed the appointment of Dr. Ngozi Okonjo-Iweala as the Director General of the World Trade Organisation (WTO). The president congratulated Okonjo-Iweala for bringing joy and more honour to the country.
3. The impeachment against former Deputy Governor of Imo State, Jude Agbaso, was yesterday quashed by the High Court. Agbaso, who was the first Deputy Governor to former Governor, Rochas Okorocha, was impeached by the seventh Assembly in 2013 on trumped up charges of accepting Red Label Whiskey bribe from the boss of J-Bros