Reports reaching us indicate that the much anticipated second hearing on the Petroleum Industry Bill (“PIB”) by the Senate, slated for October 9, 2013, has been postponed. The Chairman of the Senate’s Committee on Petroleum, (Upstream), Senator Emmanuel Paulker, billed this down to the ongoing Hajj exercise. We shall keep you informed on further developments.
It has been reported that the Senate’s Joint Committee on the Petroleum Industry Bill (“PIB”) will commence another round of hearings on Wednesday, October 9, 2013. This comes after allegations of exclusion of some key stakeholders in previous deliberations by the Senate. We will provide updates on further developments.