This book presents an in-depth analysis as well as a distinct perspective into understanding certain critical issues in Nigeria's oil and gas industry. It discusses various theories of ownership of petroleum, explains the meaning and types of divestments, analyses existing petroleum financial and taxation laws in the Nigerian petroleum industry and the issues arising from them and also considers the licenses and leases generally granted by Government for the various levels of oil and gas operations. Further, the book also focuses on the law on international and local sale and transportation of petroleum and its products and examines the effects and implications of oil spill, the legal and practical issues operators and victims face in dealing with the multitude of oil spills and issues arising therefrom.
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