PIB: The Danger Of Two-Regulator Model By Mahmud Nasir Jafar
One of the greatest fears of oil and gas sector operators and insiders is the existence of stressful regulations. The new Petroleum Industrial Bill (PIB), which has just been passed by the President, isn’t an answer to their prayer—and it should bother the public too. The bill proposes to discontinue the existing single-regulator model and establish two regulators to oversee…
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