PENGASSAN warns of impending fresh crisis in oil industry


A new report developed by the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has warned that the nation’s oil sector will be subjected to a higher level of instability due to the continued delay in the passage of the Petroleum Industry Bill, PIB, by the National Assembly.
The report which focused on the state of the petroleum industry and the association’s expectations from the new government, warned that the delay in passing the bill will aggravate the anxiety within host communities of oil companies waiting to benefit from the PIB’s provision of 10 per cent Host Community Fund …Read More

Source:: New Mail