This
will
follow
completed
deliberations
by
the
presidential
task
force
commissioned
to
consolidate
previous
versions
of
the
legislation.
Half
a
decade
of
delay
in
passing
the
PIB
has
resulted
in
a
slowing
of
key
gas
monetisation
schemes,
contract
renewals
and
fresh
approvals,
with
several
billion-dollar
projects
blocked
because
of
fiscal
uncertainties.
The
new-look
PIB
has
already
come
under
fire
for
a
lack
of
transparency,
allowing
foreign
oil
companies
to
secure
improved
fiscal
conditions
while
leaving
controversial
plans
to
restructure
the
Nigerian
National
Petroleum
Corporation
(NNPC)
in
a
legal
limbo.
The
NNPC
is
said
to…
