Nigerian minister defends PIB
Issue 237
- 10 Aug 2012
| 1 minute read
While oil and gas companies feel that the Petroleum Industry Bill’s proposed hydrocarbons tax rates of 50% for deep offshore and 25% for onshore and shallow offshore, on top of a 30% corporate income tax, are still too high, Nigerian petroleum minister Diezani Alison-Madueke has defended the long-awaited law, which she described as being “competitive by an international standard”.
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