Nigeria’s PIB Heralds Progress for Royalty Payments
Bracewell’s Adam Blythe recently discussed with Energy Voice the significance of the Nigerian Senate and House of Representatives passing the Petroleum Industry Bill.
“This is a very significant development and we seem closer than ever to seeing these reforms become law, after more than 20 years – but it’s not law just yet,” said Blythe.
“The bill proposes fundamental changes to all aspects of Nigeria’s upstream regulatory regime. Its passing will provide the industry with much needed certainty around taxes and royalties, along with reforming NNPC and establishing new regulators.”