THE Nigerian Upstream Petroleum Regulatory Commission has been ordered by President Buhari to assume control of all of the nation’s crude oil export facilities.
The directive was stated in a letter dated May 3, 2023, that was sent to the commission’s CEO, Gbenga Komolafe, as well as the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed.
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.
