Minister of State for Petroleum Resources, Heineken Lokpobiri, links Nigeria's delayed Petroleum Industrial Act (PIA) passage with investor exit, emphasizing a stable environment for investment.

Minister of State for Petroleum Resources, Heineken Lokpobiri, claims that Nigeria's delayed Petroleum Industrial Act (PIA) passage drove investors away from the country. Lokpobiri spoke at the 2024 oil and gas sector retreat, emphasizing the importance of a stable environment for investment. He also promised to remove bottlenecks hindering the licensing of modular refineries, hoping to attract investors back to Nigeria.

March 26, 2024
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