EXCLUSIVE: NUPRC New Regulations That Will Guarantee Transparency In Oil Measurement Throws IOCs Into State Of Panic

The new regulations currently being worked on by the Nigerian Nigerian Upstream Petroleum Regulatory Commission (NUPRC) that would ensure transparent measurement of Nigeria’s hydrocarbons is causing panic among International Oil Companies operating in Nigeria, THE WHISTLER can authoritatively report.

The Commission, under the Petroleum Industry Act (PIA), had held stakeholders consultations on five new regulations essentially meant to ensure more transparency in the sector.