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Bedeviling PIB with Obnoxious Provisions

Finally, the much-awaited Petroleum Industry Bill was passed by the two chambers of the National Assembly, recently. Of the 319 clauses and eight schedules that make up the bill, the ones concerning the host communities and the frontier development of oil have sparked national conversation, threatening to stir up a storm should reservations arising therefrom are not addressed before President Muhammadu Buhari’s assent. For them, giving three per cent, rather than the 10 per cent demanded, to host communities, stretching the definition to oil infrastructure transit communities and using other people’s oil profit to grope for oil in unlikely or impossible places, bring to remembrance some of the on-going open grazing controversy in the country. Chris Paul reports ....

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PIB: Senate President unveils seven-member Committee

PIB: Senate President unveils seven-member Committee
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

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PIB: Dangote refinery, others to buy crude in naira

PIB: Dangote refinery, others to buy crude in naira
The Punch
Published 5 July 2021
Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill passed by the National Assembly on Thursday.
Companies holding refining licences include Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company Limited, OPAC Refineries, Niger Delta Petroleum Resources, BUA Refinery & Petrochemicals and Edo Refinery and Petrochemical Company Limited.
The Senate and House of Representatives, according to copies of the passed bills seen by our correspondent, recommended that payment guarantees to be provided by refinery licence holders shall be in dollars or naira. ....

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PIB: How the North secured funding for Frontier Basins

PIB: How the North secured funding for Frontier Basins
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Nigeria General , Niger Delta , United States , Benue State , Goodluck Jonathan , Albert Basssey Akpan , Ahmad Baba Kaita , Mele Kyari , Sabo Mohammed Nakudu , Timipre Sylva , Harold Laswell , Maikanti Baru , Muhammadu Buhari , Umar Yaradua , Ita Enang , Ovie Omo Agege , Zainab Ahmed , Samuel Ortom , Ifeanyi Ubah , Olusegun Obasanjo , Bukola Saraki , Gas Reform Implementation Committee , Petroleum Resources , Frontier Exploration Fund Escrow , Host Communities Development Trust Fund , Regulatory Commission ,

The politics, history of Petroleum Industry Bill

The politics, history of Petroleum Industry Bill
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Nigeria General , Niger Delta , United States , Benue State , Goodluck Jonathan , Albert Basssey Akpan , Ahmad Baba Kaita , Mele Kyari , Sabo Mohammed Nakudu , Timipre Sylva , Harold Laswell , Maikanti Baru , Muhammadu Buhari , Umar Yaradua , Ita Enang , Ovie Omo Agege , Zainab Ahmed , Samuel Ortom , Ifeanyi Ubah , Olusegun Obasanjo , Bukola Saraki , Gas Reform Implementation Committee , Petroleum Resources , Frontier Exploration Fund Escrow , Host Communities Development Trust Fund , Regulatory Commission ,