July 30, 2010 / 10:40 AM / in 7 years

Nigeria oil reform bill to pass by end Aug -minister

LONDON, July 30 (Reuters) - Nigeria’s parliament will pass wide-ranging legislation to reform the mainstay oil and gas industry by the end of August and will delay a recess in order to do so if necessary, the oil minister told Reuters on Friday.

“The Petroleum Industry Bill (PIB) will be passed by the end of August ... Over the next 12 months there will be a lot of aggressive reform implementation of the PIB,” Deziani Allison-Madueke said in an interview in London.

She also said outstanding licence renewals for foreign oil firms, some of which lapsed more than year ago, would be resolved within the next two to three months. (For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Reporting by Joe Brock; Writing by Nick Tattersall)

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