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Nigeria to send oil law to parliament in June

Nigeria's President Goodluck Jonathan attends an extra-ordinary meeting of the Economic Community of West African States (ECOWAS) on Guinea Bissau in Abuja, September 17, 2010. REUTERS/Afolabi Sotunde

ABUJA (Reuters) – The latest draft of the Nigerian Petroleum Industry Bill (PIB) put together by a task force set up by President Goodluck Jonathan will be submitted to parliament in June, Jonathan said in a speech on state television on Tuesday.

Nigeria's President Goodluck Jonathan attends an extra-ordinary meeting of the Economic Community of West African States (ECOWAS) on Guinea Bissau in Abuja, September 17, 2010. REUTERS/Afolabi Sotunde

The PIB has gone through several drafts in recent years but lawmakers, the government and foreign oil companies couldn’t meet on a compromise. Jonathan set up a task force in January to fast track a consolidated version.

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