Business
NMDPRA Unveils Regulations On Gas Pricing, Pipeline Tariff, Others
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is drafting six regulations on midstream and downstream operations to bring clarity, improve business processes and ease of doing business in the sector.
This, it said, is to enhance efficient operations of the oil and gas industry.
The Authority Chief Executive (ACE), NMDPRA, Farouk Ahmed, who made this known in a meeting with members of the Independent Petroleum Producers Group (IPPG) in Abuja, said the regulations are on gas pricing, environmental management plan, environmental remediation fund, decommissioning and abandonment, gas infrastructure fund and natural gas pipeline tariff.
Ahmed also informed the Group that a working team, chaired by Mr Ogbugo Ukoha, Executive Director, Distribution Systems, Storage & Retailing Infrastructure (DSSRI) was set up to review the draft regulations, engage and consult stakeholders for smooth implementation when released.
“One of our key concerns is boosting local refining. Dangote and BUA refineries are coming on board. However, we want to see more companies investing in refineries so we can stop the importation of refined petroleum products, save our foreign earnings, create jobs and add value to the economy’’.
The NMDPRA boss noted and commended the gradual growth of indigenous players in local exploration and production of petroleum products.
Earlier, the IPPG Chairman, Mr Abdulrazaq Isa, said the IPPG was an association of 25 indigenous Exploration and Production (E&P) companies with the vision to promote the continued development of the Nigerian petroleum industry for the benefit of industry stakeholders and the nation.
Isa noted that timely communication with industry players was important at this time that the Authority is going through a transition period.
Business
NCDMB, Jake Riley Empower 250 Youths On Vocational Skills
Transport
Nigeria Rates 7th For Visa Application To France —–Schengen Visa
Transport
West Zone Aviation: Adibade Olaleye Sets For NANTA President
-
Business3 hours agoNCDMB, Jake Riley Empower 250 Youths On Vocational Skills
-
Oil & Energy4 hours agoNNPCL Unveils Gas Master Plan 2026 …….Targets 10bcf/day production
-
News6 hours agoGovs Move To Prioritise Sugar For Industrial Growth
-
Sports5 hours agoEkitike Stars As Liverpool Upstage Newcastle
-
Politics3 hours agoPFN Rejects Call For INEC Chairman’s Removal Over Genocide Comments
-
News6 hours agoLand ownership disputes are civil matters, not police cases – FCID
-
Niger Delta3 hours agoPDP Declares Edo Airline’s Plan As Misplaced Priority
-
Sports5 hours agoVilla Falter In Title Race After Home Loss
