Tag
PIA
The Nigeria National Petroleum Company Ltd (NNPCL) and its joint venture partner Chevron Nigeria Limited have completed the transfer of five of its Joint venture assets into the terms of the Petroleum Industry Act (PIA) signed into law in 2021.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that the oil and gas sector is anticipated to receive approximately $7 billion in investments due to the new incentives framework introduced by President Tinubu’s administration.
Nigeria produced 1.56 million barrels of crude oil per day in October 2023.
Ekperikpe Ekpo has said that the PIA is a solution to the infrastructural deficits that have plagued Nigeria’s gas sector.
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has granted its first petroleum exploration license under the Petroleum Industry Act (PIA).
The 2022 Nigerian Gas Flare Commercialization Programme reached a milestone on Wednesday with the Federal Government issuing letters of award to 42 participating firms.
The Nigerian National Petroleum Company has provided reasons behind the payment of an interim dividend of N123 billion to the Federation Account Allocation Committee for June.
President Bola Ahmed Tinubu has provided instructions on the operations of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Nigerian House of Representatives rejected a motion to suspend the purported license of Dangote Refinery as the sole importer of petrol in the country.
NMDPRA has granted crude oil terminal licences to the Nigerian National Petroleum Company Limited and Belema Oil Producing Limited.
The Petroleum Industry Act (PIA) was passed in August 2021
Buhari expressed optimism that the NNPC Limited would sustainably deliver value to its over 200 million shareholders and the global energy community.