After years of delay, the
Senate on Thursday passed the Petroleum Industry Governance Bill, inching
closer to regulatory and business reforms in the nation’s oil and gas industry.
PREMIUM
TIMES report continues:
The
bill still has to go through the House of Representatives and the president to
be law.
If
it succeeds as presently drafted, then Nigeria will have five new commercial
and governance organizations to replace existing ones, such as the Nigerian
National Petroleum Corporation and the Department of Petroleum Resources.
DOWNLOAD below the version
of the bill passed by the Senate on Thursday.CLICK HERE
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