The West African nation last held an oil licensing round in 2007. that pump more than 90 percent of the country’s oil. Royal Dutch Shell Plc, Exxon Mobil Corp., Chevron Corp., Total SA and Eni SpA run joint ventures with the state-owned Nigerian National Petroleum Corp. Fiscal provisions in the bill seek to raise Nigeria’s share of revenue to 73 percent from 61 percent, Petroleum Minister Diezani Alison-Madueke said on Sept. The Petroleum Industry Bill, first sent to the National Assembly in 2008, didn’t become law during the tenure of a previous legislature and was reintroduced by President Goodluck Jonathan in July. “We have to wait for the bill to be passed.” “You need firm commitment and firm predictability of the law,” he said in a Feb. 26 (Bloomberg) - Nigeria, Africa’s biggest oil producer, won’t award new oil exploration licenses until lawmakers pass a reform bill now being considered, Department of Petroleum Resources Director Osten Olorunsola said. The real reason why Jonathan wants to be oustedįeb.
#Nigeria oil blocks map license#
Jonathan introduces oil license expiration of 100 years
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