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    The structure is soon to be changed with the passage of the Petroleum Industry Bill currently before the 2 Houses of Assembly in Nigeria which seeks to create limited liability companies which will warehouse a number of the current joint venture assets between Nigeria and the Oil majors, it also seeks to reorganize the structure internally in the Nigerian Oil and Gas sector.Nigeria is currently positioning for deregulation of the downsstream sector of the Oil industry as such the petroleum products will be left to the market forces in which case demand and suply will determe the selling price in country.With this in view Webb ENERGY is positioning to build a 60kbd refinery in the country this will go to compliment our stake in our Sogara refinery in Gabon (SOGARA)The Government over the last 5 years is placing alot more emphasis on the utilisation of gas for its domestic requirements since Nigeria already maintains a strong global position in the area of LNG supplies and transportation through the NLNG.
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