Benefits of The Nigerian Petroleum Industry Bill

One of the most dangerous situations for hydraulic equipment is a hose burst. Whether it is a pinhole leak or a full blow burst, the danger is imminent. 

Hydraulic hose bursts create dangerous situations not only for the equipment itself but the individuals running it or standing near it. Hose failures can be minimized with regular maintenance.

No matter how carefully fuel is handled, contaminants find their way into the fuel during transfer, storage or even inside the vehicle's tank.  Water is an engine's primary enemy, condenses directly from the air during normal daily heating and cooling cycles. In addition to water, solid and semi-solid particulate and dissolved contamination is common.

What is PIB?

The PIB is a draft proposed Law that aims to aggregate all the Laws that govern the Nigerian Petroleum Industry from upstream to downstream sector. It is an attempt at bringing about sixteen (16) Petroleum Acts into a manageable single entity with a clear role for all the sections under the Bill.