petroleum industry act
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Nigeria Atiku Abubakar: NNPCL's Claim of Privatization is a Facade
Former Vice President Atiku Abubakar criticized the Nigerian National Petroleum Corporation Limited (NNPCL) for claiming to be a private entity while acting as the federal government’s financial backbone. He called for its listing on the stock exchange to enhance transparency and profitability... -
Nigeria NUPRC Addresses Concerns Over Oando Acquisition
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed that the Oando-NAOC divestment followed the Petroleum Industry Act. NUPRC addressed concerns regarding transparency, emphasizing that both the Oando acquisition and the Equinor-Chappal transaction complied with established... -
Nigeria Dangote Urges NUPRC to Enforce PIA, Criticizes Reliance on International Middlemen
Dangote Petroleum Refinery urges NUPRC to enforce the Petroleum Industry Act's domestic crude supply obligation, allowing direct purchases from Nigerian producers. The refinery's management highlights the financial burden of buying crude from international traders and calls for the enforcement...
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