As Nigeria delays, Kenya’s PIB cedes 25% revenue to host communities
Chineme Okafor in Abuja and Peter Uzoho with agency report
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has revealed that more than 41 billion barrels of crude oil and 319 trillion standard cubic feet of gas were yet to be discovered in Sub-Saharan Africa. Baru said from available information, the African crude oil and gas outlook remained positive and on the upward trajectory, insisting that the West Africa Sub-Region held all the aces in offshore Deep Water exploration hotspots. Baru spoke last Wednesday during a special session on Africa focusing on “Foundations for New Investment”, at the ongoing 19th CERAWeek Conference in Houston, United States.
But while the Nigerian government has continued to pussyfoot on the fate of the Petroleum Industry Bill (PIB), the Kenyan government has already addressed crude oil…
