Showing posts with label Petroleum Industry Bill. Show all posts
Showing posts with label Petroleum Industry Bill. Show all posts

Tuesday, 5 October 2010

Okon fires broadside


NNPC's group general manager for strategy, Tim Okon, has gone out on a limb with the issue of another interagency memorandum on the Petroleum Industry Bill (PIB) and letter attacking changes made by the Senate Upstream Committee, chaired by Senator Lee Maeba.

NNPC's Venezuela consultant, Pedro Van Muerrs, circulated the memorandum in July on behalf of Okon as leader of the government's Interagency Team. The new memorandum is described as the final submission of the Interagency Team.

It is unclear if Okon and Van Muerrs had any approval for making the new submission from either Minister of Petroleum Dezeani Allison-Madueke or the group managing director of NNPC, Austen Oniwon. Neither appears to have known about it until after the event.

The letter has drawn a fierce reaction from some senators who say that a second-tier NNPC official such as Okon has no right to interfere in the legislative process or make criticisms of the Senate's work.

Okon and Van Muerrs have objections to the way that the drafted Senate Bill departs from their own work but it was not expected they would become so vocal about them. An NNPC source says they took the initiative because they bemoan the failure of Allison-Madueke to press their case in the Senate.

Despite the latest salvo, it appears unlikely that the National Assembly will be rushed into adopting the latest Interagency draft of the PIB. Motions are expected soon in the Senate and House of Representatives for an adjournment of the new sessions because of the election.

The Senate was reconvening this week after the summer recess and the House of Representatives is due to return on 12th October. Although the Senate and House could be recalled to vote on the PIB, it cannot be done until the key committee stage is passed.

For more news and expert analysis about Nigeria, please see Nigeria Focus and Nigeria Politics & Security.

© 2010 Menas Associates

Friday, 30 July 2010

Nigeria oil reform bill to be passed by the end of August says oil minister


According to Nigeria's oil minister Deziani Allison-Madueke, the Nigerian government is set to pass legislation to reform the mainstay oil and gas industry by the end of August, and will delay a recess in order to do so if necessary.

"The Petroleum Industry Bill (PIB) will be passed by the end of August ... Over the next 12 months there will be a lot of aggressive reform implementation of the PIB," said Allison-Madueke in an interview.

There has been some controversy over the PBI expected to overhaul Nigeria's oil and gas industry, and to narrow differences among all parties involved. It is thought that a special committee will be set up to look into and synchronise the interests of all involved before the bill is passed into law.

Allison-Madueke also said that outstanding licence renewals for foreign oil producers, some of which lapsed more than year ago, would be resolved within the next two to three months.

Source: Reuters

For more news and expert analysis about Nigeria, please see Nigeria Focus and Nigeria Politics & Security.