{"id":55408,"date":"2021-07-07T09:27:21","date_gmt":"2021-07-07T08:27:21","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=55408"},"modified":"2021-07-07T10:46:12","modified_gmt":"2021-07-07T09:46:12","slug":"opec-praises-nassembly-for-passing-pib","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/07\/07\/opec-praises-nassembly-for-passing-pib\/","title":{"rendered":"OPEC praises N&#8217;assembly for passing PIB"},"content":{"rendered":"<p>Secretary-general of Organisation of Petroleum Exporting Countries (OPEC), Mohammad Barkindo has praised Nigeria for passing the Petroleum Industry Bill (PIB).<\/p>\n<p>Barkindo also stated that the national assembly has engraved itself in gold.<\/p>\n<p>This commendation was given by Barkindo at the 20th Nigeria Oil and Gas Conference (NOG) on Tuesday, themed \u201cFortifying the Nigeria Oil and Gas industry For economic growth and Stability.\u201d<\/p>\n<p>He said the bill\u2019s passage would help guide relevant institutions, strengthen regulatory frameworks and attract investments.<\/p>\n<p>\u201cMr President, allow me, on behalf of OPEC, to congratulate you on the Petroleum Industry Bill (PIB), which was just passed by both chambers of the <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/05\/28\/we-need-additional-state-in-the-south-south-wike-tells-national-assembly\/\">National Assembly<\/a> of our great country,\u201d Barkindo said.<\/p>\n<p>\u201cThis long-awaited legislation for the oil and gas sector will help guide the necessary reforms designed to strengthen institutions, solidify regulatory and fiscal frameworks and attract the much-needed investment in a sustainable manner.<\/p>\n<p>\u201cThe ninth National Assembly has engraved itself in gold in passing the Petroleum Industry Bill.\u201d<\/p>\n<p>He said that OPEC was indebted to President Muhammadu Buhari for the leading role he has played and continues to play in support of the OPEC-non-OPEC Declaration of Cooperation process.<\/p>\n<p>He also commended Timipre Sylva, minister of state for petroleum resources, for his leadership and active participation in ensuring lasting stability in the oil market.<\/p>\n<p>\u201cThis historic achievement has ushered in a new era in the global energy cooperation as OPEC and its non-OPEC partners continue to provide crucial support to the oil market, in the interest of producers, consumers and the global economy,\u201d he added.<\/p>\n<p>\u201cOn the domestic front, your ongoing contributions and leadership in guiding Nigeria\u2019s energy industry into the future are both impressive and commendable.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Secretary-general of Organisation of Petroleum Exporting Countries (OPEC), Mohammad Barkindo has praised Nigeria for passing the Petroleum Industry Bill (PIB). Barkindo also stated that the national assembly has engraved itself in gold. This commendation was given by Barkindo at the 20th Nigeria Oil and Gas Conference (NOG) on Tuesday, themed \u201cFortifying the Nigeria Oil and [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":55422,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[12711,12712,11182,12195],"class_list":["post-55408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-mohammad-barkindo","tag-nigeria-oil-and-gas-conference","tag-organisation-of-petroleum-exporting-countries-opec","tag-petroleum-industry-bill"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OPEC 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