Petroleum Industry Bill (PIB) is Nigerian government’s attempt to restructure the
Nigerian oil industry which will also enforce sustainability, transparency and greater
Nigerian control over her natural resources is staunchly opposed by foreign oil
companies and their government.
The proposed bill is considered too revolutionary by foreign interests, a situation that
led to the emergence of a coalition designed to frustrate its passage into law. The
oil companies, made up largely of Shell, Exxon Mobil, Chevron, Texaco and Total,