Kachikwu: Modified Petroleum Bill will open up Oil and Gas Sector to Local and International Investors

KACHIKWU revealed this during the twentieth Convocation ceremony of the Petroleum Training Institute, PTI Delta State.
He noted that the PIB, which is being considered in phases by the National Assembly, is set to overhaul the entire industry governance framework to fiscals and regulatory form of the oil and gas sector.
The Petroleum Minister noted that in spite of the setbacks occasioned by malicious destruction of oil facilities and installations as well as decline in the country’s crude production by over seven hundred thousand barrels per day due to activities of militants in the past, the Federal Government has achieved tremendous reduction of militancy in the Niger Delta region.