MMS PLUS NG – Maritime, Aviation, Business, Oil and Gas News Online Newspaper with coverage in Maritime, Oil and Gas, Aviation, Power and Energy as well as Financial News
The President, Major General Muhammadu Buhari (retd.), has directed the Nigerian Upstream Petroleum Regulatory Commission to take over the supervision of all crude oil export terminals in the country.
This directive was contained in a letter, dated May 3, 2023, addressed to both the Chief Executive Officer of the commission, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Gbenga Komolafe, and Farouk Ahmed, respectively.
Buhari, in the letter, noted that the exercise of any regulatory role by the NUPRC and NMDPRA “on any existing crude oil export terminal established prior to the effective date of the PIA should cease immediately.”
It added that, “NUPRC is the sole an (sic) only regulatory entity to regulate and monitor the activities of all existing crude oil export terminals in Nigeria subsists in compliance with section 7ee of the PIA (2021).”
The president also ordered the Minister of state for petroleum resources to ensure immediate compliance and report back within 14 days that the resolution as stipulated in (a) above are being adhered to by the NUPRC, NMDPRA, NNPCL, FMITI, industry players and relevant MDAS.
