The omni-bus Petroleum Industry Bill, designed to drive the operations of Nigeria’s oil and gas industry, will be passed within weeks, a presidential aide said on Tuesday.
Emmanuel Egbogah, the Senior Special Assistant on Petroleum Matters, said this at the 2011 Nigerian Oil and Gas (NOG-11) strategic conference in Abuja.
He informed the international oil companies (IOCs) and the business community that consultations had deepened between the executive and legislative arms of government to facilitate the passage of the bill within the current legislative term. Egbogah said it was necessary to clarify that the passage would take place ``within weeks’’ and no longer ``as soon as possible’’ so as to save the joint venture partners and would-be investors from further anxiety.
