Live blogging the Senate public hearing Day 2

The Senate public hearing commenced at 12:40

Natural Resource Governance Institute – PIAB

  • include checks in the presidential discretionary award of licences;
  • introduce beneficial ownership;
  • emphasise¬†issues of transparency in asset register;
  • clear guidelines on bidding rounds.

Petroleum Training Institute Effurun

  • want to be included in the bill

Nigeria Gas Association

  • fiscal terms to be reduced and incentives to be provided for gas development;
  • AGFA should be retained;
  • cost efficiency factor should not be applied to gas development;
  • need for clarity in the definition of upstream and midstream;
  • worked examples should be included in the fiscal bill;
  • specific provisions for marginal fields and indigenous companies.

Dangote Group

  • third party access¬†may discourage investment;
  • bill does not make provisions for entities in Free Trade Zones;
  • clarity on the host community provisions;
  • clear tenor for the advisory committee in the petroleum host community bill.

House of Reps Public Hearing – A Few Takeaways

It has been just over a week since the Public Hearing at the House of Representatives. Enough time to have mulled over some of the issues raised by investors, the Federal Government & the public on the Petroleum Industry Administration Bill, the Petroleum Industry Fiscal Bill & the Petroleum Host & Impacted Communities Bill. Here are 5 takeaways from the hearings. Continue reading “House of Reps Public Hearing – A Few Takeaways”