Petroleum Bill Passed Into Law By Parliament

Petroleum (Exploration and Production) Bill 2016 has been passed into law by Parliament.

This comes on the back of a long and extensive consultative process.

In a statement signed by the Head of Communications at Ministry of Petroleum Edward Abambire Bawa, it said ‘The bill which provides transparency and certainty will also encourage increased investments by international oil companies thus leading to an increment in capital inflows’.

Read statement below:

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