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Top upstream stories

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Somali licensing faces resurgent domestic tensions

Preparations to award exploration licences in early 2021 are facing disruption as political tensions resurface ahead of presidential elections set for 8 February. Disputes between the federal government and the regions are far from resolved, and new oil institutions may not be able to withstand political realities, writes James Gavin.

 

Issue 427 - 19 November 2020

PinSomalia

PinUpstream, Politics

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Vested interests counter change as Nigeria reintroduces oil law

Supporters of a revamped Petroleum Industry Bill (PIB) believe that, this time, the outcome for legislation to reform Nigerian National Petroleum Corporation (NNPC) and the hydrocarbons sector will be different from past disappointments, when vested interests stalled efforts to overhaul an underperforming and opaque sector. Senate president Ahmad Lawan on 29 September committed the bicameral National Assembly to pass legislation to make the industry more effective and efficient. After years of delay,“we will break that jinx and see to the passage of the bill”, Lawan promised. The Senate on 30 September approved the a 239-page draft PIB’s first reading, opening the way for more hearings.

Issue 425 - 22 October 2020

PinNigeria

PinUpstream, Politics, Downstream, Governance

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