March 21, 2016/Reuters Nigeria’s Senate president said on Monday that the country’s parliament would start debating next week an amended Petroleum Industry Bill (PIB), a much-delayed plan to overhaul the vital energy sector hit by graft and mismanagement. President Muhammadu Buhari has made it a priority to get approval for […]
Tag: Petroleum Industry Bill
Nigeria in talks with oil majors to repay debt, invest in refineries
February 14, 2016/Reuters Nigeria is in talks with oil majors and banks to raise capital for new drilling and to repay up to $4 billion in debt that the state oil firm has accumulated over years of mismanagement, the firm’s head told Reuters. Emmanuel Ibe Kachikwu, who is also the […]
