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Petroleum Industry Act

Petroleum Industry Act : Robbing South to Pay North

By Mike Ozekhome, SAN. THE PIB Bill just assented to as an Act of Parliament by President Muhammadu Buhari, is a mere ruse, a monstrosity, an artifice and device, carefully crafted, incubated and delivered, to actually do irretrievable violence to…

US firms rush stakes in Angola’s oil sector as licensing regime to 2025 begins

The observed poor political will frustrating the executive-legislative synergy needed to deliver the highly needed new Petroleum Industry Act may have started to take tolls on the number of foreign direct investments to the industry. This is coming on the…