Mr Gbenga Komolafe, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says Nigeria has the potential to produce 2.2 million bpd as against the current production of between 1.5 million and 1.6 million.
Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, said the oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, is an ambitious jump from 2023 levels of around 1.6 million bpd.
The Host Communities of Nigeria Producing oil and Gas (HOSTCOM) has explained the role of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in the implementation of the Petroleum Industrial Act (PIA) amid infighting among host communities over the commission’s involvement.
Two years after signing the Petroleum Industry Act (PIA), the projected gains for Nigeria’s oil and gas sector and by extension the economy, have remained elusive. Instead of acting as the gamechanger with the capacity to introduce best global standards in governance..
The Crude Oil Refineries-owners Association of Nigeria (CORAN) has lauded the move by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over what it described as a decision by the NUPRC.