Afran : Nigerian official sees oil reform law passed soon
on 2009/12/9 9:43:51
Afran

20091208

NEW DELHI (Reuters) - Nigeria's oil reform law should be enacted this month, the country's special advisor to the president on energy matters, Emmanuel Egbogah, told reporters on Tuesday.

"I am confident the bill will be passed this month," he said on the sidelines of a conference in New Delhi.

He said the new law would not impact investments.

Royal Dutch Shell, Exxon Mobil, Total and Chevron, which have dominated Nigeria's energy sector for decades, have criticised the Petroleum Industry Bill, saying it could threaten billions of dollars of investment if it goes ahead in its current form.

But Egbogah said the new law would offer many concessions and allowances for the industry and make operations transparent.

"No, there will be no investment that will be impacted. We have made it as a growth type of deal," he said.

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