SOME THINGS YOU NEED TO KNOW ABOUT THE NEW PETROLEUM INDUSTRY ACT 1. Repeals 10 existing industry laws. 2. FG to fully commercialize NNPC by February 2022. 3. 3% of Oil Revenue from each host community is retained for the host community and 30% is retained for frontier basins. 4. Only two regulatory agencies will
What You need to know about New Petroleum Industry Act
