Nigeria approves oil reform bill after 13 years – could slow down IOC exits
-
The Petroleum Industry Bill was passed by both chambers of parliament yesterday. It was first introduced in 2008
-
The bill is likely to speed up many oil projects that have been held back by IOCs for years
-
Inevitable that IOCs will exit given move towards low carbon energy. But enacting the PIB could taper the pace of exit
You can read this report by subscribing to a Starter or Pro plan today.
Already have an account? Log in
Most Read
Disclosures
This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.