UK urges Nigeria to pass key oil reform bill

摘要

Lagos—The UK has urged Nigeria to pass into law the fiscal terms contained in a major piece of oil reform legislation, the Petroleum Industry Bill (PIB), the local Business Day newspaper reported Wednesday, quoting British High Commissioner in Nigeria Andrew Pollock. Pollock said the PIB is key to Nigeria attracting investments of up to $160 billion in deepwater oil operations by international companies. Company executives have said billions of dollars in investment in deepwater oil projects have been put on hold while Nigeria delays passage of the bill.