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House of Reps, Senate pass Petroleum Industry Bill

House of Reps, Senate pass Petroleum Industry Bill
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BREAKING: Reps Pass Petroleum Industry Bill

BREAKING: Reps Pass Petroleum Industry Bill
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Mohammed tahir mongunuAhoc committee on petroleum industryDevelopment of host communitiesReps pass petroleum industry billpostedHouse ad hoc committeeFiscal framework for the nigerian petroleum industryPetroleum industryAfrican examinerfeaturedLatest newsNews acrossPetroleum industry billAhoc committeeProvide legalFiscal frameworkNigerian petroleum industryHost communities

Diri rejects 2 5% for host communities in PIB, proposes 10%

Diri rejects 2 5% for host communities in PIB, proposes 10%
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The Changing Landscape For Nigeria s Strategic Gas Aggregator - Energy and Natural Resources

Introduction On 28th September, 2020, the Presidency submitted the Petroleum Industry Bill 2020 ( the Bill ) to the National Assembly for consideration. This is the latest version of the Bill after several previous efforts, dating back to almost two decades, to enact a new body of laws for the petroleum industry failed in the past. The Bill retains most of the functions and powers of the gas aggregator, a role currently being performed by Gas Aggregation Company of Nigeria (GACN) in the Nigerian gas sector. There are, however, certain changes introduced by the Bill that could affect the structure and operations of GACN.

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