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Reps Stop Granting Consent To Divesting IOCs

Reps to probe NUPRC, IOCs' compliance with Petroleum Industry Act

House of Reps blocks oil companies' divestment in Niger Delta over compliance issues | The Guardian Nigeria News - Nigeria and World News — Nigeria — The Guardian Nigeria News – Nigeria and World News

The House of Representatives has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Minister of State for Petroleum to withhold consent for international oil companies (IOCs) involved in the divestment of assets in the Niger Delta region until they comply with the Petroleum Industry Act (PIA) and NUPRC decommissioning guidelines. The lawmakers instructed […]

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