Article
Determining Applicable Law In Petroleum Disputes: Revisiting Legal Principles Through Eurafric Energy Ltd v. Ministry Of Petroleum Resources & Ors.
The enactment of the Petroleum Industry Act 2021 (“PIA”) marked a fundamental shift in Nigeria’s petroleum regulatory regime, replacing the longstanding Petroleum Act 1969 and introducing extensive institutional and fiscal reforms aimed at modernising the sector. Notwithstanding these advancements, the transition has generated significant legal uncertainty, particularly concerning the determination of the applicable law for disputes that arose prior to the PIA’s enactment.
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