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Situating NNPC’s role within Petroleum Industry Act

Recently, Dr. Olisa Agbakoba, one of Nigeria’s most respected lawyers, called for the repeal of the Petroleum Industry Act (PIA) 2021. Dr. Agbakoba‘s main grouse with the PIA as he put it, is that under the PIA, the Nigerian National Oil Company (NNPC) Limited is playing dual roles of operator and regulator. As someone who has operated in

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