 The Nigerian Senate has ordered the Committees on Petroleum to conduct a comprehensive investigation into the Petroleum Industry Act's implementation, particularly regarding potential assets of international oil companies. This follows a motion sponsored by Senator Anirkan Ettenbasi, which highlighted the entry of IOCs like Shaw, PB, Moby Produce Nigeria Unlimited, a Nigerian-Arjib oil company aiming to advance the sector's exploration, development, and production. We need to enquire into the implementation of the Petroleum Industry Act BIA 2021 with regards to the potential exit of international oil companies IOCs from Nigeria. The Senate acknowledges the discovery of oil and gas in commercial quantity in Nigeria so to the arrival of international oil companies IOCs such as Moby Shell, PB, Moby Produce Nigeria Unlimited, let that mesh into a zone. The Senate has ordered its Committee on Petroleum, upstream, downstream, and gas to conduct a comprehensive investigation into the implementation of the Petroleum Industry Act BIA. To this extent, this motion is very timely. We need to monitor. We need to measure the implementation of the PIA. And we need also to hold discussions. We need to measure the impact on the host communities. Acquire bombs out extensively. It's yet to fill the impacts of the PIA. We need to know what is going on. And ExxonMobil plays a key role in the economy, not just of my state, but in this country. We need. It's committee that the Senate should mandate is committed on petroleum upstream, downstream, and gas to conduct a holistic investigation on the implementation of the Petroleum Industry Act PIA with regards to potential exits of IOCs from Nigeria. Those in favor, please say aye. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.