ALISON-MADUEKE: NIGERIA NO LONGER HAS TANGIBLE OIL TRADE WITH US
By Chineme Okafor
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that Nigeria no longer has any tangible trade in crude oil with the United States of America, following the shale oil boom in the country.
Alison-Madueke said this yesterday at an interactive forum on the Petroleum Industry Bill (PIB) which is awaiting passage at the National Assembly. She warned that the development should spur Nigerians to impress it on the legislature to pass the PIB as soon as possible.
The minister said this just as the Chairman, House of Representatives Committee on Petroleum (Downstream), Dakuku Peterside, also disclosed that the National Assembly would in its consideration of the bill expunge a certain provision that allows ministerial discretion in granting extension to the three-year deadline to end gas flaring after the PIB is passed.
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