A new empirical study on oil and gas in Nigeria, which serves as a useful general introduction to many aspects of the country's oil and gas industries and related laws. Contents: introductions - definitions, importance, the international oil industry, how oil was found; the Nigerian oil industry: historical perspectives and acts of law; legislation governing the industry; ownership of oil and gas - ownership theories in the oil and gas industries, sovereignty over natural resources and international law; contracts for exploration and production; the natural gas industry; fiscal matters pertaining to the petroleum industry; OPEC; national oil corporations and the Nigerian Petroleum Corporation; downstream oil and gas law and policy; trade in crude oil and products; environmental issues; oil community issues; topical issues in the petroleum industry - e.g. acquisitions of technology, indigenous oil companies; nationalisation and privatisation; and dispute settlements. Yinka Omorogbe is a lecturer in law at the Universities of Benin and Lagos, Nigeria.

Examining local content law and policy in the oil and gas industry, this book uses Nigeria as a primary case study, comparing its approach to countries such as Brazil and Norway which have also adopted local content laws in relation to their gas and oil industries. In considering various aspects of local content law and policy as they apply to the oil and gas industry, the book examines the factors behind the formulation of local content policies by petroleum producing states, and the various strategies they have employed to implement them. It analyses arguments against local content requirements from the perspective of international trade and investment law, and from liberal market economic theorists, who argue against its overall usefulness. The book highlights salient aspects of the oil and gas industry such as regulation, national oil companies, treatment of minorities, and policy formulation and implementation.

Though predominantly on oil and gas law, this is nonetheless a veritable Reference Book on the oil and gas industry in Nigeria. It places before anyone interested in the oil and gas industry basic and critical oil and gas issues not in common circulation in existing texts on the subject. The book is arranged in such a chronological order, like reference books and dictionaries tend to be,that a lay person in going through it would now know how oil is explored and found,how oil fields may be onshore and offshore, how oil blocs are bidded for, how oil is drilled, including associated gas deposits, among others. The transportation of oil and gas, storage of oil and gas, refining of oil and processing of gas, marketing of oil and gas,the impact of oil and gas exploration, production and revenues on the Nigerian environment, politics and economy and a myriad of other issues are comprehensively covered. The book should prove most useful to the lawyer, petroleum geologist, petroleum engineer, policy makers, investors, local and international development agencies and bodies, lecturers and students specialising in wide ranging subjects as economics, development studies, engineering, management, public administration, insurance, marketing, accounting and finance.

Attempts to Import Weapons

This book provides a thoroughly researched guide to the Nigerian Oil and Gas Industry, providing students, potential investors, academics and policy makers the opportunity to get acquainted with various dimensions of the oil and gas industry.

This book explores three particular strategies in the extractives sector for creating shared wealth, increased labour opportunities and positive social, environmental and economic outcomes from corporate projects, namely: state wealth funds (SWF), local content policies (LCP) and corporate social responsibility (CSR) practices. Collectively, the chapters explore the associated experiences and challenges in different parts of the world with the view to inform equitable and sustainable development for the communities living adjacent to extractives sites and the wider society and environment. Examples of LCPs, SWFs and CSR practices from 12 jurisdictions with diverse experiences offer usefull insights. The book illuminates challenges and opportunities for sustainable development outcomes of the extractives sector. It reflects the need to take on board the lessons of these global experiences in order to improve outcomes for poverty reduction, inequality reduction and sustainable development.

Hitherto, industry participants and professionals have had to navigate the emerging and complex Nigerian electricity supply industry (the power sector) without materials or texts that adequately and comprehensively address the history and policy issues, as well as the legal and regulatory frameworks of the industry. In particular, before this book, there was no book written from a practical and hands-on perspective on the key issues connected with the Nigerian power sector or Nigerian power projects generally; neither was there a book that provided good and practical insights on matters related to the negotiation of power sector transaction documents in Nigeria. The few available texts covered only limited aspects of the power sector as none covered multiple key issues. This 400 page book consisting of 10 chapters, attempts to fill the lacuna. It reviews the general legal and regulatory regime of the power sector. It also takes a comprehensive look at the power sector from a historical dimension and looks at where Nigeria is, in terms of the legal and regulatory regime, and the direction in which the country may be headed. Of particular interest to power sector professionals and other persons who negotiate contracts in the power sector or contracts related to the development of power projects, is the chapter which serves as a guide on negotiating key power sector contracts, such as Power Purchase Agreements, Gas Supply Agreements and Engineering, Procurement and Construction Contracts. Noteworthy, is the fact that the book contains contributions from internationally recognized energy law and policy experts like Stella Duru of Banwo & Ighodalo, Jason Kerr of White & Case, Arun Velusami of Norton Rose and Akshai Fofaria of Pinsent Masons. Further, the book considers other issues in the power sector, such as the Partial Risk Guarantee, which backstops the Federal Government of Nigerias payment obligations to power generation companies; and pricing issues.

Examines critical links between local content requirements and the application of sustainable development treaties in global energy markets.