Nigeria to Increase Share of Offshore Oil Profits

The Minister of Petroleum Resources Diezani Alison-Madueke plans to increase its share of offshore oil profits because of prevailing realities in the industry.

Oil rig in Nigeria

  • Nigeria:  PIB - Why FG Is Increasing Stake in PSC to 73 Percent - Alison-Madueke

    Leadership, 28 September 2012

    The Federal Government has said it is proposing a review of the fiscal terms in the Production Sharing Contracts (PSC) for deep water fields in the draft Petroleum Industry Bill ... read more »

  • Nigeria:  Why We Increased Stake on Offshore Blocks - FG

    Vanguard, 28 September 2012

    Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said the Federal Government increased its stake in deep offshore blocks to 73 percent because of prevailing ... read more »

  • Nigeria:  PIB Scales First Reading in House

    Daily Trust, 28 September 2012

    The controversial Petroleum Industry Bill (PIB) yesterday scaled a major hurdle in the House of Representatives after it passed first reading. read more »

  • Nigeria:  PIB - U.S.$202 Billion Investment Under Threats

    Vanguard, 28 September 2012

    International Oil Companies, IOCs, have warned that about $202 billion worth of oil and gas investments in Nigeria are under threats if the fiscal terms in the Petroleum Industry ... read more »