Reps move to amend PIA, enact new laws to protect local refineries

From Ndubuisi Orji, Abuja
The House of Representatives has disclosed plans to amend the Petroleum Industry Act (PIA) and enact new legislation to guarantee crude oil supply to domestic refineries, protect investments in local refining and reduce uncertainty in the downstream petroleum sector.
Chairman of the House Committee on Petroleum Resources (Downstream), Ikeagwuonu Ugochinyere, disclosed this on Monday at a technical briefing on Downstream Week 2026, warning that inadequate crude oil supply poses a major threat to the survival and expansion of indigenous refineries.
Ugochinyere said the proposed legislative interventions would address feedstock shortages, guarantee fair mark...