African Petroleum Standards Carry Weight for U.S. Foreign Investors

African Petroleum Standards Carry Weight for U.S. Foreign Investors

With Nigeria passing its long-awaited Petroleum Industry Bill (PIB) in July and Equatorial Guinea announcing plans to revise its Hydrocarbon Law last week, Africa’s leading oil producers are overhauling their regulatory frameworks, with a view to facilitating investment into large-scale energy projects. As fallout from COVID-19 renders the regulatory landscape a decisive criterion against which investors measure their decisions, the harmonization of international petroleum standards in Africa has become a prerequisite for sustainable energy development.
Source: African Petroleum Standards Carry Weight for U.S. Foreign Investors

- gist culled from pulseng