Tag: Petroleum Industry Act
-
Special Report: Poor Regulation Undermines Nigeria’s Race to Zero Routine Flaring by 2030
Nigeria is a signatory to the 2001 Global Gas Flaring Reduction Partnership principles that aim at a flare-out date of 2030, but the country’s race to zero routine flaring by the end of the decade is been undermined by inconsistent policies, weak implementation and apparent lack of political will by successive administrations. Gas flaring is…
-
Senate confirms Executive Director-nominees of Nigerian Petroleum Regulatory Authority
The Senate has confirmed the nominations of five Executive Director-nominees of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
-
BREAKING: Buhari seeks amendment of recently signed Petroleum Industry Act
Barely five weeks after signing the Petroleum Industry Bill (PIB) into law, President Muhammadu Buhari has written to the Senate seeking amendment of the Act. The Senate President, Ahmad Lawan, read Buhari’s letter on the floor of the upper legislative chamber on Tuesday. The president wants the Senate to amend the Act so as to…
-
BREAKING: Buhari commences implementation of Petroleum Industry Act
President Muhammadu Buhari has commenced implementation of the newly signed Petroleum Industry Act (PIA) by approving a steering committee to oversee the process. The steering committee is headed by the Honourable Minister of State, Petroleum Resources, Timipre Sylva. Other members are: Permanent Secretary, Ministry of Petroleum Resources, Group Managing Director, NNPC, Executive Chairman, FIRS, Representative…
-
PDP wants immediate amendment to new Petroleum Industry Act
The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to immediately forward to the National Assembly an amendment bill to the new Petroleum Industry Act. The party gave the advice in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, on Monday in Abuja in reaction to the signing of the Petroleum Industry…