Financial Times FT.com

Oil and gas: Legal bid to create a national champion

By Tom Burgis

Published: July 20 2009 22:31 | Last updated: July 20 2009 22:31

For the reform of Nigeria’s oil and gas industry, the coming months will be make or break – or, more accurately, make or leave broken.

Legislation that would overhaul Africa’s most prodigious petroleum sector is before the national assembly. If approved, its advocates say it could turn the sputtering state oil company into a national champion like Brazil’s or Saudi Arabia’s, able to tap the finance it sorely lacks.

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