Industry & Money

NUPRC Set to Amend Domestic Crude Supply Regulations

The Nigerian Upstream Petroleum Regulatory Commission is set to amend the Domestic Crude Supply Obligations Regulations 2023.

The commission stated this in a notice signed by the Chief Executive of the NUPRC, Gbenga Komolafe, on Thursday. According to the NUPRC, the National Data Repository Regulations will also be reviewed.

In the notice, the commission said it wanted to consult with stakeholders for their input.

“In line with Section 216 (1) of the PIA 2021, which requires the commission to consult with stakeholders before finalising regulations or amendments to regulations, the Nigerian Upstream Petroleum Regulatory Commission hereby invites inputs from lessees, licensees, permit holders, host communities and other stakeholders of the Nigerian Upstream Petroleum sector, within 21 days from the date of this publication.

“The matters to which this stakeholder’s inputs and consultations relate are National Data Repository Regulations; Amendment to the Production Curtailment and Domestic Crude Oil Supply Obligations Regulations 2023,” the notice read partly.

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