• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, September 19, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Authority to fast-track issuance of reviewed petroleum regulations – Official

The Matters Press by The Matters Press
August 4, 2022
Reading Time: 2 mins read
0
Nigeria accidentally discovers more gas, drives to expand market

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working to ensure issuance of midstream and downstream petroleum regulations soon for industry’s growth.

RELATED POSTS

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

The authority said that when the regulations were finally published, they would be required to be gazetted by the Ministry of Justice.

Mr Ogbugo Ukoha, Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA made this known on Thursday in Abuja at the end of its stakeholders’ consultation forum on regulations.

The forum which opened on August 1, was attended by stakeholders from Chevron, Total energies and Major Oil Marketers Association of Nigeria among others to bequeath the industry with laws and policies to enable investment in the sector.

The 10 regulations considered by the stakeholders were; Gas Pricing, Domestic Demand and Delivery Regulations; Natural Gas Pipeline Tariff Regulations and Midstream and Downstream Decommissioning and Abandonment Regulations.

The regulations included Environmental Regulations For Midstream And Downstream Petroleum Operations In Nigeria; Midstream and Downstream Environmental Remediation Fund Regulations and Midstream and Downstream Gas Infrastructure Fund Regulations.

Others are Petroleum (Transportation And Shipment) Regulations; Assignment and Transfer of Licences and Permits Regulations; Petroleum Pipeline Regulations and Midstream and Downstream Petroleum Operations Regulations.

Ukoha said the first traditional requirement of the authority as regulator was to engage with stakeholders to propose draft regulations to people, consult them and review their feedbacks before issuing the regulations.

He said the Petroleum Industry Act (PIA 2021) also captured this process and required that it has to publish it 21 days after then invite the stakeholders to listen and make considerations.

“So we released 10 draft regulations across board and two more draft regulations but the consultation we were just concluding was for the 10 regulations.

“We got rich and intensed feedback from stakeholders, what is left for us to do now is to go back and reflect on it and utilise the good part ultimately for the benefit of Nigerians and growth of the industry.

“The reviewed regulations will be forwarded to the ministry after for gazetting,” he said.

He said the regulations which were published online firstly got hundreds of rich written responses from stakeholders while the three syndicates group looked into them then considerations were made and challenges clarified.

Tags: Petroleum
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎Tinubu never abandoned the North, TMSG insists

September 12, 2025
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Tinubu’s pro-business model triggers surge in capital market – TMSG

September 10, 2025
Tinubu commits to economic reforms as Nigeria marks democracy day
Economy/Technology

‎Tinubu’s achievements daze gov., opposition leaders

September 10, 2025
Next Post
Edo unveils plans for investment desks

NBCC well-positioned to attract trade, investments

Flour millers to establish wheat procurement centres in 15 states

Nigeria secures $134m loan from AfDB for wheat production

Recommended Stories

Customs generates N493.75bn in TinCan Island

Customs generates N1.29trn revenue in six months

August 12, 2022
Kano state’s gold souk to be completed 2022

Kano gold souk to become operational in 2023 – Minister

November 28, 2022
SON alerts on second hand gas cylinders

Average price of 5kg cooking gas hits N4,588.75 – NBS

February 25, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Leap in non-oil exports gain of Nigeria:s economic diversification ‎
  • Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎
  • ‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us