The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated two separate teams that would oversee the newly planned oil metering audit and the advanced cargo scheme.
Speaking at the event, the Chief Executive of the NUPRC, Gbenga Komolafe, recalled that the Federal Executive Council (FEC) recently considered and approved the implementation of the two key projects proposed and driven by the commission.
The projects, he said, were geared towards strengthening the commission’s regulatory oversight in line with this administration’s vision and renewed hope agenda.
One of the commission’s objectives as specified in the Petroleum Industry Act (PIA), 2021, Komolafe said, was to ensure that upstream petroleum operations are carried out in a manner to minimise waste and achieve optimal government revenues.
Komolafe said one of the commission’s objectives, as specified in the Petroleum Industry Act (PIA), 2021, was to ensure that upstream petroleum operations
