Petroleum Minister Alison-Madueke Says PIB Will Change Oil Industry

Mrs. Deziani Alison-Madueke, Petroleum Minister.

Nigeria oil and gas industry was the focus of global attention last night on the special CNN Business Half Hour- Quest Means Business where the Minister of Petroleum Resources Mrs. Deziani Alison-Madueke  stated that the expected passage of the all important oil industry reform legislation will change the face of the petroleum industry in Nigeria.

Answering a question on the objective of the Petroleum Industry Bill, the Minister said that the law is designed to capture and address potential environmental and operational hazards associated with the oil and gas industry.

“I am ensuring that within the next 4-5 weeks, with the major assistance of the National Assembly of Nigeria, we shall in fact be promulgating it into law,” adding that the Petroleum Industry Bill is an amalgamation of 16 different laws with very stringent guidelines  for environmental remediation.

The minister stated that Nigeria is determined to learn from the disaster in the Gulf of Mexico so as to prevent recurrence of such disaster in the country.

Mrs Alison-Madueke also informed that the PIB will usher in a new vista in the oil industry in the country which will witness increased participation of local communities in the process.

The minister added that government was working hard to increase local refining capacity by opening up the space for new investors in the downstream sector.



View Comments

  • PRAISE THE LORD
    Kingdom Of Heavn 202,Omkar Ashish Apt, 3 Kisan Nagar Wagle Estate Thane-400604. Maharashtra (INDIA
    ============================================================== Strictly to the given members.
    To,
    The Company
    Chairmen ,President , MD & CEO & FinanceManager’s &Media’s
    Sub:- INVITING IN TO GOD’S ( Heaven ) KINGDOM
    Dear Sir,
    This an awareness program world should Know about our reality of this fellowship
    We are in to ministries to Develop Ministry & Helping Handicap and Poor People who is
    Suffering from many Diseases.
    We are requisting you to kindly Donate your funds generously by the Grace of God.
    Our Profile :-
    1) Running Ministries
    2) Helping to poor people to cure from Diseases.
    3) Helping Handicap.

    Once again we are requesting you to kindly Donate the funds by the grace of God at given Bank
    My Bank Account No.
    NKGSBank
    Account No:- SBNF-100
    IFSC Code:- 0000024

    Waiting for earliest reply,
    Thanking you,
    Reg Mr.Bala (speaker to GOD)
    E-Mail me on :- balapraisethelord@gmail.com or balamelody@ymail.com & balamelody@gmail.com
    If any quiries Callme on:- +91 09987937713 Mumbai (INDIA)
    & 25695868
    Note:-
    The ruler of this world will be castout.”And he added: “The ruler of the world is coming.And he has no hold on me.”
    John 12;31;14;30; 16;11.
    Note:- Call me for further Discussion’s
    *Above Concept Copy Right will be Punishable.

    Cancel reply