The presidency has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to take over the supervision of all crude oil export terminals in the country.
Additionally, the presidency also, finally waded into the much-talked-about overlap of functions between the NUPRC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
In a letter written to the agencies and copied international oil companies (IOCs) by President Muhammadu Buhari who also doubles as the Minister of Petroleum Resources, as seen by THISDAY, the president specifically directed the NMDPRA to hands off any activities that have to do with regulatory work at crude oil export terminals in Nigeria.
