In this issue:
The Petroleum Industry Governance Bill (PIGB) was passed by the Senate on 25 May 2017. If the House of Representatives concurs, it could be signed into law.
This is the passage of the first fragment of the comprehensive Petroleum Industry Bill (PIB), which was broken into parts to facilitate quick passage. It is one of the first steps, towards the actualization of the '7 Big Wins' unveiled by the Minister of State for Petroleum Resources in the last quarter of 2016, with a view to reform and reposition the oil and gas industry.