The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has revealed that three oil companies have commenced importation of fuel into Nigeria. Farouk said this at a crucial meeting of stakeholders in Lagos.…
By Ibiyemi Mathew Following the ambiguity in the Petroleum Industry Act (PIA) to clearly spell out the roles of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) without conflicting, both agencies have been in…
Available data has shown that average daily petrol consumption in Nigeria has fallen by 28 per cent since President Bola Tinubu scrapped subsidy on the fuel at the end of May. Average daily petrol consumption fell to 48.43 million litres…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has urged stakeholders in the oil and gas industry to fast-track the implementation of the Petroleum Industry Act (PIA). The Authority’s Chief Executive, Mr Farouk Ahmed, made the call at a…
The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured that it would protect consumers from exploitative action following plans by oil marketers to begin fuel importation. The NMDPRA Chief Executive, Farouk Ahmed, gave the assurance while briefing journalists…
By Ibiyemi Mathew The Federal Government has licensed its first Hybrid Crude Export Terminal with eight million barrels storage capacity. The license was presented on behalf of the Federal Government by the Nigerian Mainstream and Downstream Petroleum Regulatory Authority, (NMDPRA) to…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that the Federal Government has officially scrapped petroleum equalisation as well as the national transport allowance. This is just as the Authority said it will no longer fix prices…
The Adamawa State office of the Nigeria Midstream and Down Stream Petroleum Regulatory Authority (NMDPRA) has warned Independent Petroleum Marketers against hoarding or diverting the product. Dr Bashir Kafur, the Coordinator incharge of the regulatory agency in the state, gave…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is working with NNPC Ltd. and other stakeholders to guarantee a smooth transition following the removal of fuel subsidy. The authority made this known on Tuesday in a statement…
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has given operators of gas, petroleum and diesel nine days within which to obtain their operating licences or face shutdown of their operations. The Authority Chief Executive (ACE), Mr Farouk Ahmed, said…
