The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has obtained necessary approvals to implement Advance Cargo Declaration regime in upstream petroleum operations, to curtail export of stolen crude oil.
NUPRC says this will ensure that Crude Oil and Gas cargoes exported from Nigeria will have a unique identifier that confirms all documentation as regards the exported consignment.
Mr Gbenga Komolafe, Commission Chief Executive (CCE) NUPRC, said this on Friday in Abuja at a stakeholders’ engagement with newsmen while highlighting its initiatives to curb oil theft in Nigeria.
Komolafe said this implied that any cargo that did not have the unique identifier was not legitimately exported from the country.
He said in line with President Muhammadu Buhari’s directive, it evolved additional initiatives to collaborate with oil and gas operating companies (including NNPC) and the top echelon of Nigerian security forces to end the menace.
He said the commission had commenced full-scale audit of crude oil theft and assessment of upstream assets integrity audit to establish actual crude oil theft figures in the upstream petroleum industry.
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This, he said, was in view of recent controversial figures on theft volumes thrown up by some industry operators, which impacts negatively on Federation revenue.
“This is very important as the nation derives its royalty from net crude oil receipts,’’ he said.
Similarly, he said in line with its statutory duties as regulator, the commission obtained necessary approvals to ensure installation of metering equipment (LACT Units) in the upstream petroleum industry, using Original Equipment Manufacturers (OEMs).
He disclosed that this would avert potential manipulation of figures that could result in shortchanging the Federation of oil and gas revenue.
On its reforms, he said that in line with section 314 of the PIA, 2021, it had successfully implemented the delineation of staff between the commission and the Midstream/Downstream Petroleum Regulatory Authority (MDPRA).
Subsequently, he said the commission had commenced manpower audit, job mapping and capacity building programmes tailored towards optimisation of human capital.
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