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Posts tagged with "Petroleum Equalisation Fund"

Petroleum Industry Bill requires oil companies to invest 2.5% of their budgets in host communities African News

Petroleum Industry Bill requires oil companies to invest 2.5% of their budgets in host communities

OIL companies operating in Nigeria will be compelled to set aside 2.5% of their annual expenditure for the development of their host communities under fresh proposals contained in the new Petroleum Industry Bill.   Given the chaotic state of the Nigerian crude oil industry, there have long been calls for the passing of a new...
 

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