在此列表中
电力 | 石油

Nigerian parliament passes key oil reform bill, awaits President's approval

能源 | Energy Transition

Platts全球一体化能源模型

能源 | 电力 | 石油 | 天然气 | 石化产品 | 核能 | 原油 | 液化石油气 (LPG)

伊朗计划在2022年3月前将石油产能提升至制裁前的水平

能源 | Energy Transition | 石油 | 煤炭 | 可再生能源 | 原油 | 排放物

由于能源格局发生变化,信实、沙特阿美重起炉灶

Nigerian parliament passes key oil reform bill, awaits President's approval

亮点

New bill aims to attract more oil investment

Country aims to increase output to 3 mil b/d

The Nigerian parliament on July 1 passed the Petroleum Industry Bill (PIB), which could radically overhaul the country's oil and gas sector, providing some much-needed reforms to Africa's largest oil producer.

尚未注册?

接收每日电子邮件提醒、订阅用户通知并获得个性化体验。

立即注册

Lawmakers in both the upper legislative chamber Senate and the lower chamber House of Representatives, voted for the passage of the PIB, more than a decade after it was first introduced.

The bill will now be sent to President Muhammadu Buhari for his assent for the legislation to become a law.

"The Senate expects President Buhari to sign the bill as soon as it is transmitted...the bill got the input of both the executive and legislative arms of government," Senate president Ahmed Lawal, said.

The bill seeks to introduce changes to the governance, administrative, regulatory, and fiscal framework of the Nigerian oil and gas industry, in order to ensure transparency, strengthen the governing institutions, and attract investment capital, among other objectives.

Long time coming

Lauded as the biggest shake-up in Nigeria's dysfunctional oil industry for decades, the PIB had been stuck in parliament, held up by political wrangling and objections by foreign oil companies, which argued that the significantly higher fiscal terms envisaged in recent PIB drafts are unacceptable.

This development could inject some much-needed enthusiasm in the country's oil and gas sector, according to market sources.

Africa's largest oil producer had pinned its hope on the PIB to attract the much-needed investment to bolster its oil exploration and production, and increase reserves and output to 40 billion barrels and 3 million b/d, respectively.

The lack of upstream investment in Nigeria has contributed to a steady fall in its oil production over the past decade.

The country has the capacity to produce around 2.2 million-2.3 million b/d of crude and condensate, but production has averaged around 1.64 million b/d so far in 2021, according to S&P Global Platts estimates.

Urgent need of investment

Industry sources said Nigeria is also hoping the legislation will breathe new life into its downstream sector that could use some private investments.

Oil producers, particularly Nigeria's foreign partners including Shell, ExxonMobil, Chevron, Eni and Total, have said billions of dollars in investments in the Nigerian oil industry was held up due to the non-passage of the PIB.

Nigeria's upstream sector has not seen much activity in the past half a decade, which industry analysts blamed on the continued uncertainty due to the non-passage of the energy bill.