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PIB: SEPLAT Won’t Lobby Against Full Passage, We’ll Fit Into It – Austin Avuru

PIB: SEPLAT Won’t Lobby Against Full Passage, We’ll Fit Into It – Austin Avuru

BUSINESS, NEWS
The Managing Director of Seplat Petroleum Development Company, Mr. Austin Avuru, has said that the company was not lobbying to stop the passage of the full version of the Petroleum Industry Bill (PIB). Avuru said Seplat as an oil company would easily fit into the legislation once it is eventually passed in full into law saying that it was not losing any sleep over the passage of the complete PIB. He spoke following insinuation making the round that some oil multinationals were behind the delay in the passage of the full version of the PIB. Addressing newsmen shortly after the closing ceremony of Seplat's 'Eye Can See' programme held in Orerokpe, Delta State, Avuru noted that the delay in the passage of the Bill has significantly frustrated investment decisions in the industry