{"id":5323,"date":"2021-08-17T15:58:35","date_gmt":"2021-08-17T15:58:35","guid":{"rendered":"https:\/\/carlcon.com\/?p=5323"},"modified":"2021-08-17T15:58:37","modified_gmt":"2021-08-17T15:58:37","slug":"what-you-need-to-know-of-petroleum-industry-law-pib","status":"publish","type":"post","link":"https:\/\/carlcon.com\/old\/2021\/08\/17\/what-you-need-to-know-of-petroleum-industry-law-pib\/","title":{"rendered":"What you need to know of Petroleum Industry Law (PIB)"},"content":{"rendered":"\n<p>The PIB seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host<\/p>\n\n\n\n<p>Communities. It contains 5 Chapters, 319 Sections and, 8 Schedules dealing with Rights of Preemption; Incorporated Joint Ventures; Domestic<\/p>\n\n\n\n<p>Base Price and Pricing Framework; Pricing Formula for Gas Price for the Gas Based Industries; Capital Allowances; Production Allowances and<\/p>\n\n\n\n<p>Cost Price Ratio Limit; Petroleum Fees, Rents and Royalty; and Creation of the Ministry of Petroleum Incorporated.<\/p>\n\n\n\n<p>Below are the key changes:<\/p>\n\n\n\n<p>1. The key objective is ensuring good governance and accountability, creation of a commercially oriented national petroleum company, and fostering a conducive business environment for petroleum operations.<\/p>\n\n\n\n<p><a href=\"https:\/\/thefreezonechannel.com\/what-you-need-to-know-of-petroleum-industry-law-pib\/\">TO CONTINUE READING CLICK HERE<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The PIB seeks to provide legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities. It contains 5 Chapters, 319 Sections and, 8 Schedules dealing with Rights of Preemption; Incorporated Joint Ventures; Domestic Base Price and Pricing Framework; Pricing Formula for Gas Price for the Gas Based Industries; Capital<\/p>\n","protected":false},"author":1,"featured_media":5324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[114],"tags":[],"_links":{"self":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/5323"}],"collection":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/comments?post=5323"}],"version-history":[{"count":1,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/5323\/revisions"}],"predecessor-version":[{"id":5325,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/5323\/revisions\/5325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media\/5324"}],"wp:attachment":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media?parent=5323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/categories?post=5323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/tags?post=5323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}