Tag: oil communities
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Baylesa: Oil communities, firms differ on migration to PIA template
Oil communities in Bayelsa have resisted moves by oil firms to suspend social obligations under the old Global Memorandum of Understanding (GMoU) for the new template in Petroleum Industry Act (PIA), 2021. The PIA directs the operating firms to set aside three per cent of t
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NUPRC issues ultimatum on 3% remittance to oil communities
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licences of oil operators or settlors who failed to remit the three per cent statutory fees to oil communities before September ending. The NUPRC management on Friday said its attention had been drawn to the