1887

n CPEEL Monograph Series - Legal and regulatory framework

Volume 2, Issue 3
  • ISSN :

Abstract

To properly regulate the nation's cash cow, the oil and gas industry, the stakeholders came up with the decision to draft the Petroleum Industry Bill. Consequently, the Executive Bill of 2008 was drafted followed by the Inter Agency Draft of 2009. Although they were considered good legislation for the industry, they were not passed. Then followed a third draft in 2012. The PIB holds a lot of promise for the oil and gas industry in Nigeria. The third draft of the Bill released by the Ministry of Petroleum in 2012 generated mixed reactions because it significantly altered various provisions on the earlier versions. Besides these alterations, the Bill reposes extreme powers over the industry in the President and Minister of Petroleum.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/cpeel/2/3/EJC198108
2015-01-01
2019-04-26

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error