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(FILES) This file photo taken on May 18, 2005 (FILES) shows Shell Oil’s oil and gas terminal on Bonny Island in southern Nigeria’s Niger Delta. – Nigeria’s parliament on July 1, 2021 voted to approve a long-delayed oil and gas law that aims to attract new foreign investment to the OPEC country’s petroleum industry.The Petroleum Industry Bill or PIB had been under review in the National Assembly for nearly two decades, beset by disagreements, including over how much revenue should go to local communities in oil-producing regions. (Photo by Pius Utomi EKPEI / AFP) After over thirteen ...

PIB: North, Ogun’s quests for oil get boost, exploration receives 30% The Punch Published 5 July 2021 The quests for oil in the North and other parts of the country, including Ogun and Anambra states, have received a huge boost in the recently passed Petroleum Industry Bill which will regulate the oil sector if signed by the President, Major General Muhammadu Buhari (retd.), findings have shown. Currently, crude oil is obtained from eight states in the Niger Delta region which include: Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers states. Based on Section 9 of t...