2 decades on, National Assembly to finally get PIB in weeks

The presidency has promised to submit the long-awaited Petroleum Industry Bill (PIB) to the National Assembly in two or three weeks, sources have said at the weekend. The presidency also assured that the oil reform bill would be out as soon as possible to boost output and attract foreign investment into the sector. Passage of the PIB, which has taken two decades in the making, has become imperative this year as low oil prices and a shift towards renewable energy have made competition tougher to attract investment from international oil…

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