Latest Breaking News On - Facility for oil sector transformation project - Page 1 : comparemela.com

Lagos, March 3, 2021 An oil and gas expert, Mr Isreal Aye has said the Petroleum Industry Bill (PIB) currently before the National Assembly will move power in the petroleum industry from individuals to institutions. Aye, the Senior Partner, Energy and Commercial Contracts, Primera Africa Legal, made the assertion on Wednesday in Lagos at a Media Engagement Session on the Petroleum Industry Bill (PIB) The session was organised by the Facility for Oil Sector Transformation Project (FOSTER). Aye said that under the current 1969 Petroleum Act, the regulation of the petroleum industry was vested in one individual (the Minister of Petroleum), adding that had created a myriad of problems.

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