So, overnight, the world has another 29 billion barrels of oil after Iraq decided to upgrade its proven reserves from 114 billion to 143 billion barrels based on new evaluations of West Qurna and Zubair fields in the south. That’s pretty much an entire year of global demand right there. Although the details are a more »
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The Platform: Unpacking Nigeria's new draft oil law Agent provocateur-cum-oil industry observer Jeremy Weate offers a pithy take on Nigeria's draft Petroleum Industry Bill (PIB) in this guest blog at Platform London. "In no country, should governance reform begin with a new law," Weate writes; but in Nigeria, there seems to be hope that the PIB once ratified would do just that. So, what would the bill's impact be?