shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » PIA: NUPRC Assures Proper Implementation, Domestic Crude Supply

PIA: NUPRC Assures Proper Implementation, Domestic Crude Supply

by Joshua
November 7, 2023
in Oil and Gas

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the commission is committed to effective implementation of the Petroleum Industry Act (PIA 2021) for the sector to contribute more to national economy.

The commission says it will ensure that relevant sections of the PIA that affect its operations are duly implemented, including the Domestic Crude Oil Supply to licensed refineries in Nigeria.

Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC stated this during a meeting with Exploration and Production Companies on Domestic Crude Supply Obligation (DCSO) at the NUPRC headquarters on Wednesday in Abuja.

The meeting aimed at chatting a common front with NUPRC for alignment on the implementation of domestic crude oil supply obligation, operator’s compliance status and operator’s response.

As more private refineries indicate readiness to start production soon in Nigeria, the NUPRC is taking necessary steps within the prescriptions of the PIA 2021 to ensure adequate and consistent supply of feedstock to operators.

In line with its mandate of ensuring crude oil supply to licensed refineries in Nigeria as enshrined in Section 109 (4) of the PIA, the commission said it recently cautioned that there would be consequences and sanctions for sabotaging the process.

He said effective implementation of the PIA would create an enabling environment for players in the industry to thrive and ensure the petroleum industry generated more income for the government.

“As  the pioneer regulator of the upstream sector, we want effective implementation of the relevant sections of the PIA, and we cannot shy away from it.

“We are committed to the effective implementation of the PIA in the interest of our industry and our dear nation.

“As I said, as a regulatory body, we will regulate in line with the provisions of the Act and whatever decision we take will be in line with the law to ensure growth and development,” he said.

Komolafe, however, urged industry operators to uphold best practices and comply with provisions of the law as the federal government, through its relevant bodies was carrying out reforms.

 


Related Posts

100 Per Cent LPG Supply Has Impacted Price In Nigerian Market — NLNG

NLNG Not Responsible For Hike In LPG Price – GM

November 14, 2023
Petroleum Tanker Drivers Back Tinubu’s Agenda For Oil Sector

Petroleum Tanker Drivers Back Tinubu’s Agenda For Oil Sector

November 14, 2023
Nigeria Lost $2.77bn To Crude Oil Theft In 2019 – NEITI

NUPRC Generates 18.13% Of Revenue Remittances In 2 Years — NEITI

November 14, 2023
FG Signs MoU With Saudi Arabia On Cooperation In Energy Sector

FG Signs MoU With Saudi Arabia On Cooperation In Energy Sector

November 14, 2023

Latest News

MWUN Forges Collaboration with NAMTOP,  NARTO Signs MOU To Address Truckers’ Challenges 

FG To Invest $1.1Billion To Rehabilitate Nigerian Seaports

November 28, 2023

Nigeria Expresses Readiness To Contest IMO Election in 2025

Tantita Security To Address Oil Theft In GoG At MARAN Annual Lecture

NEPZA Boss Says Nation’s Free Trade Zones Not `Free’

MWUN Forges Collaboration with NAMTOP,  NARTO Signs MOU To Address Truckers’ Challenges 

Still On The Appalling State Of Infrastructures In Nigerian Ports

Vessels Expected At Lagos Ports As At 27th November, 2023

Chief Jolapamo Appointed As Patron of Shipping Institute, Vows Support and Commitment to Industry Development

Ship Owners Sceptical, Call For Ministerial Blueprint For National Fleet Revitalization 

Truckers Expose Underhand Motivations Behind Illicit Container Stripping At Tin Can Port

LASTCOC Inaugurates New Committee, Vows To End Truckers’ Plight  

Why We Are In Court With NISA—Akinpelumi

kindly like our Facebook page

Health

Frequently Asked Questions About Suicide
Health

Frequently Asked Questions About Suicide

November 7, 2023

Suicide is a major public health concern. When a person dies by suicide, the effects are felt by family, friends,...

Some Facts You Need to Know About Stroke

November 2, 2023
Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

November 2, 2023
Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

October 25, 2023
Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

October 23, 2023
Depression Alerts To Watch Out For By Everyone

Depression Alerts To Watch Out For By Everyone

October 23, 2023
The ‘Ordeal’ Called Fibroid

The ‘Ordeal’ Called Fibroid

October 17, 2023
ABC Of Mental Health?

ABC Of Mental Health?

October 17, 2023
World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

October 17, 2023
The Usefulness In Watermelon Seeds You May Not Know

The Usefulness In Watermelon Seeds You May Not Know

October 9, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition