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Nigeria holds oil bill on militant attacks in the Niger Delta

by ChemOrbis Editorial Team -
  • 07/09/2016 (13:50)
According to media reports, the Nigerian Parliament had to hold the petroleum industry bill (PIB) due to ongoing militant attacks in the Niger Delta. The bill covers key issues for the country’s oil sector including an overhaul of state oil company NNPC to taxes on upstream projects.

So far, unrest in the Delta has resulted in a loss of more than 700,000 barrels per day (bpd) in the country’s crude oil production.

Although the government reached a ceasefire last month with one of the most active militant groups, attacks on oil and gas infrastructure in the region still continue. Senator Tayo Alasoadura reportedly said that the bill will come to the front of the line again once the unrest resolves.
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