“Today, we reported that work is ongoing on the Petroleum Industry Bill and that hopefully it will be passed into law by June next year,” the minister told reporters at the end of the meeting.
The minister also said considerable progress has been recorded by achieving at least one of the nine ‘mandate areas’ of his ministry.meant to significantly increase Nigeria’s share of earnings from oil wells located offshore the country. On other aspects of his presentation to the council, Mr Sylva said he also reported that next year his ministry will open up the gas sector for business.
“Next year, a lot will happen in the gas sector in Nigeria. Rehabilitation of the Port Harcourt Refinery will commence in January, and hopefully, 2020 will be a very busy year for the oil industry in Nigeria,” he said.
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