Nigeria’s Oil Minister Vouches to Present New PIB to N/Assembly in 2 Weeks

Nigeria’s petroleum resource ministry has assured that in the next two weeks the revised Petroleum Industry Bill (PIB) will be with the lawmakers of the National Assembly for passage into law.

The Minister of State in charge of the ministry, Chief Timipre Sylva, has said that his ministry will within two weeks transmit the orchestrated long awaited bill to the lawmakers for possible passage into law.

He also put the value of the recently inaugurated Ajaokuta-Kaduna-Kano (AKK) gas pipelines and the Train 7 Nigeria Liquefied Natural Gas (NLNG) projects at $50 billion.

Sylva, who spoke to an international news media monitored in Abuja said that 2020 remains “the year of gas” and with the expected passage of the PIB, the industry would attract more investment.

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Source: OrientEnergyReview

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