The Petroleum Industry Act (PIA): One Year On- Impact, Challenges, And The Road Ahead

References

[1] The Petroleum Industry Act (PIA) LFN 2021. Sections 4-28

[2] M.N Umenweke, and W.A Chukwuma, An Examination of the Petroleum Industry Act 2021 and the Quest for A New Nigerian Law and Social Justice Review (LASJURE) 2 (2) 2021

[3] https//pia.gov.ng

[4] Section 4, Petroleum Industry Act 2021

[5] Section 31, Petroleum Industry Act, 2021

[6] Means Nigerian National Petroleum Company Limited

[7] Chapter 3

[8] Section 238, Petroleum Industry Act

[9] Section 256, Petroleum Industry Act

[10] Section 263, Petroleum Industry Act

[11] Section 264, Petroleum Industry Act

[12] Section 258(1) of the Petroleum Industry Act

[13] Nigeria National Petroleum Corporation

[14] LFN CAP 3, 2020

[15] https://www.morganlewis.com/pubs/2021/12/nigeria-overhauls-its-oil-and-gas-laws-with-petroleum-industry-act?

[16] Section 104, Petroleum Industry Act 2021

[17] Section 104, Petroleum Industry Act 2021.

[18] Global Gas Flaring Reduction “International Energy Agency- (IEA), 2023

[19] Section 9(4) and 64(c), Petroleum Industry Act 2021

[20] Bosselmann, K., “The Principle of Sustainability: Transforming Law and Governance” Aldershot: Ashgate Publishing Limited (2008)

[21] Babalola, A. “Legal Challenges in the Implementation of the Petroleum Industry Act” Nigerian Journal of Energy Law and Policy, 4(1), 45-62

[22] Omorogbe, Y. “Sustainability and Environmental Protection in the PIA” Centre for Petroleum, Energy Economics and Law, University of Ibadan (2021)

@article{1708688,
      author = {Oluwatumininu Odunuga},
      title = {The Petroleum Industry Act (PIA): One Year On- Impact, Challenges, And The Road Ahead},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {6},
      number = {8},
      pages = {373-377},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1708688.pdf},
      abstract = {Before the enactment of the Petroleum Industry Act (PIA), Nigeria?s oil and gas sector was governed by a patchwork of outdated and often inconsistent statutes like the Petroleum Act, Petroleum Profits Tax Act, Inland Basin Production Sharing Contract Act, Deep Offshore, and many more. Chief among them, the Petroleum Act of 1969, had long outlived its utility, failing to reflect modern industry practices or respond to the economic and social realities facing Nigeria. The resulting legal uncertainty and regulatory inefficiency hindered investment, reduced government revenue, and strained relations between host communities and oil companies.},
      month = {February},
  }