Insight
The Petroleum Industry Act: a gamechanger for Nigeria’s upstream?
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Report summary
On 28 October 2021, Wood Mackenzie presented our analysis of the PIA fiscal terms. The PIA sets the fiscal terms for Nigeria's upstream sector through the energy transition years. After a tumultuous 18 months, legislators decided that more radical surgery was needed to save Nigeria from a bleak future of upstream decline. What they have delivered is both remarkable and necessary. As well as the webinar recording, the slide pack and a transcript of the Q&A are available for download
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