Nigeria’s Petroleum Industry Bill will be sent to lawmakers after approval by the cabinet, President Goodluck Jonathan’s office said.
Jonathan has told relevant government ministries to evaluate the draft, prepared by a technical committee before presentation to the Cabinet, according to a statement e-mailed late yesterday by the Abuja-based presidency.
The bill, which may be presented to parliament in two weeks, resolves all previous concerns raised by international producers, including fiscal terms and domestic gas pricing, the Lagos-based ThisDay newspaper reported yesterday.
The bill was first sent to parliament in December 2008.
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