curator
Administrator
A new report released by the Norwegian research group DNV GL, further reinforces the long held view that failure of Government to pass the Petroleum Industry Bill (PIB) is damaging Nigeria’s oil and gas sector.
With global oil and gas companies set to keep a tighter rein on capital expenditure in 2014, Nigeria topped industry leaders’ list of least favourable countries to invest in this year, according to the new research report published by Norwegian research group DNV GL, the leading technical advisor to the oil and gas industry.
Analysts say that the delay in the passage of the Petroleum Industry Bill (PIB), which is expected to overhaul the Nigerian oil industry, has continued to cause uncertainty, limiting investments in the vital industry.
Click here to read more
Source: BusinessDay Newspaper
With global oil and gas companies set to keep a tighter rein on capital expenditure in 2014, Nigeria topped industry leaders’ list of least favourable countries to invest in this year, according to the new research report published by Norwegian research group DNV GL, the leading technical advisor to the oil and gas industry.
Analysts say that the delay in the passage of the Petroleum Industry Bill (PIB), which is expected to overhaul the Nigerian oil industry, has continued to cause uncertainty, limiting investments in the vital industry.
Click here to read more
Source: BusinessDay Newspaper
