Pending since 2007, the executive bill seeks, among others, to promote the competitive and liberalised downstream sector of the petroleum industry as well as the development of fuel and chemical industries.
After debate on its general principles, the bill was referred to the committees on petroleum upstream, downstream, and gas for reports in eight weeks.
Senate President, Ahmad Lawan, said the ninth National Assembly would make the passage of PIB part of its legacies.
He assured that the National Assembly would pass the bill in good time without compromising proper scrutiny.
