PIB: Oil firms to lose licences over neglect of host communities A committee is working on the petroleum industry bill for further deliberation at the Senate after the bill passed second reading

before the National Assembly is proposing the revocation of licenses for oil and gas companies who neglect their obligations to the host communities.

According to the bill, the action will be taken with the recommendation of the Nigerian Upstream Regulatory Commission, among other powers. It said that any oil and gas company that failed to incorporate the Host Communities Development Trust would have its license revoked.

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Oil companies to develop host community plan – PIBThe New Petroleum Industry Bill (PIB) currently before the National Assembly has proposed that oil companies operating in some communities must develop communit Est 1956 Like Dangote to development all communities around his refinery in Ibeju Lekki..
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