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SUBJECT:
The prospects for enacting hydrocarbon reforms in the face of significant domestic opposition.
SIGNIFICANCE:
Five years after the release of the Draft National Oil and Gas Policy, Nigeria continues to make halting progress toward reforming its entire hydrocarbons regulatory framework. However, the sheer complexity of the reforms and the mounting opposition to them from a diverse coalition of interest groups renders quick progress unlikely.
Word Count (approx): 1256
Headings
- Reform rationale
- Complex reforms
- Clean slate
- NNPC break-up
- Revising concessions
- Downstream deregulation
- Local participation
- Domestic opposition
- Industry interests
- Unions and the public
- Entrenched interests
Primary Keywords: AF, Nigeria, economy, industry, gas, government, legislation, oil, policy, reform, regulation
Secondary Keywords: politics, corporate, fiscal, foreign investment, guerrillas, investment, military, regional
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