Senate passes 3 petroleum industry reform bills through second reading

The Nigerian Senate passed the Petroleum Industry Administration Bill, Petroleum Industry Fiscal Bill and the Petroleum Host Community Bill at the second reading today, the 27th of July, 2017. The Bills have been referred to the Committees on Petroleum Upstream, Downstream and Gas to report to the full Senate in four weeks. This is another milestone in the petroleum industry reforms. We expect that the next four weeks will be spent engaging with key stakeholders on the various reform bills. will continue to keep you updated on these developments.

Federal Executive Council approves the National Oil Policy

The Federal Executive Council approved the National Oil Policy today 19th of July, 2017. This is the second oil industry reform policy the Federal Executive Council has approved in the last month. This leaves the Petroleum Fiscal Policy. We shall publish a copy of the policy document once it is made available. Congratulations to the Honourable Minister and his Senior Technical Adviser on Upstream & Gas, Mr. Gbite Adeniji.