Nigerian Petroleum Industry Bill (PIB): Balancing Stakeholders’ interests By Prof Chijioke Nwaozuzu
There is a fundamental interdependence between host countries and the international oil companies (IOCs) in the development of natural resources. The interests of these two parties differ much but mainly converge on resource production-sharing. Two other major stakeholders are the National Oil Companies (NOCs) and the host communities, and traditionally these two stakeholders’ interests have …