NUPRC: Unlocking Funding For Indigenous Awardees Of Petroleum Prospecting Licenses

In June last year, the Nigerian Upstream Petroleum Regulatory Commission under the leadership of the Chief Executive, Engr Gbenga Komolafe awarded 47 Petroleum Prospecting Licenses (PPL) to solely Nigerian entities.

The exercise is pursuant to the provisions of the Petroleum Industry Act (PIA), 2021 and in fulfillment of the promise which the Commission had made earlier in the 2021 fiscal period.

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