NUPRC Gazettes One Oil Industry Regulation, Completes 5 Others

The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) said one petroleum industry regulation has been gazetted while five others have been finalised for gazetting.

The Commission Chief Executive of NUPRC, Engr. Gbenga Komolafe stated this in Abuja yesterday during the second phase of consultation with stakeholders.

Komolafe who was represented by the Executive Commissioner, Health, Safety, Environment and Community at NUPRC, Capt. John Tonlagha, said the consultation is aimed at ensuring regulations and key policies necessitated by the Petroleum Industry Act (PIA) 2021, are developed and gazetted promptly.

He said: “The inputs of stakeholders from the engagement were incorporated where necessary, in the draft regulations. Thereafter, the regulations were forwarded to the Attorney General of the Federation and the Minister of Justice for vetting, legislative standardisation, and approval. I am happy to inform you that one of the regulations, the Nigeria Upstream Petroleum Host Community Development Trust regulations have been gazetted while the remaining five have been finalised and ready for gazetting.”

Besides the industry regulation moves, the NUPRC chief executive reiterated the commitment of the commission to creating an enabling environment for growth and investments in the Upstream Oil and Gas industry in Nigeria has steered our focus toward working with all stakeholders.

He highlighted how contributions from the first phase of consultation with the stakeholders have been implemented as he reemphasised the need for the second phase of consultation with the stakeholders prior to finalising the draft regulation which incorporates; Acreage Management(Drilling and Production) Regulations, Upstream Petroleum Environmental Regulations and the Upstream Petroleum Environmental Remediation Fund Regulations.

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