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Home Crude Oil

Nigerian Senate passes oil overhaul bill

Reuters old by Reuters old
1 July 2021
in Crude Oil, Energy Markets, Engineering, Lawmaking, Major News, Monetary / Fiscal Policy / Policy Makers, Nigeria, Oil & Gas, Old Africa, Old Economy, Old Politics, Reuters Top News
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Nigerian Senate passes oil overhaul bill

FILE PHOTO: A view shows part of Dangote oil refinery in Ibeju Lekki district

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(Corrects paragraph 3 to remove reference to bill being cleared for presidential approval)

ABUJA (Reuters) – The Nigerian Senate passed a long-awaited oil industry reform bill which will overhaul nearly every aspect of oil and gas production in the West African country, in a plenary session witnessed by Reuters on Thursday.

The House of Representatives had passed the bill earlier.

Its passage by both chambers is the first step towards the bill being signed into law by President Muhammadu Buhari.

(Reporting by Camillus Eboh, writing by Estelle Shirbon; Editing by Elaine Hardcastle)

tagreuters.com2021binary_LYNXNPEH602JN-VIEWIMAGE

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