This week, conflicting messages emerged regarding the Nigerian government’s perspective on the Petroleum Industry Act (PIA), a landmark piece of legislation aimed at reforming the nation’s oil and gas sector. …
Petroleum Industry Act
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The Nigerian government targets inactive oil exploration licenses for revocation, prioritizing capable firms.
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The Nigerian Senate is set to summon the Nigerian National Petroleum Company Limited (NNPC) to address concerns about the lack of funding for exploring and developing new frontier acreages. This …