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Senate committee says 5% will be approved for host communities
Emmanuel Addeh and Peter Uzoho in Abuja
International Oil Companies (IOCs) operating in Nigeria yesterday rallied behind the Petroleum Industry Bill (PIB) passed by the National Assembly last week, describing it as a watershed in the annals of the oil and gas industry in the country.
The oil majors, including Total, Shell, ExxonMobil and Chevron said at the 20th Nigerian Oil and Gas (NOG) Conference and Exhibition in Abuja, that while there had been attempts in the past to push the bill, the latest round of consultations were the most intense.
Abuja, June 10, 2021 The Executive Secretary, Petroleum Equalisation Fund (PEF), Mr Ahmed Bobboi, says the organisation has well trained staff members that are ready to deliver service at all times. Boboye disclosed this when he featured at the Downstream and Midstream Roundtable at the ongoing 4th Nigeria