Nigeria’s Senate is expected to see on Tuesday the presentation of the country’s petroleum industry bill, a new regulation on the oil industry that has taken 20 years to draft. The bill is expected to be presented at the Nigerian Senate today, Reuters reported , quoting the legislation’s agenda it had seen. The Petroleum Industry Bill (PIB) has been two decades in the making to overhaul the way Nigeria will share its oil resources with international oil companies and aim to attract new investment in oil and gas. The Senate could also be an obstacle to the final passing of the long-awaited bill, sources told Reuters. Community leaders in Nigeria’s oil-rich regions want changes to the latest version of the bill, asking for a larger share of revenues for the community. Therefore, it is not certain that Nigeria would soon have a new petroleum bill, which could further alienate […]