petroleum industry act 2021
FG: Nigeria eyes 2.5M bpd oil output
The Federal Government has reiterated its commitment to expanding Nigeria’s crude oil production, with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirming that the country is on course to reach 2.5 million barrels per day (bpd) by 2026. The announcement was made by NUPRC Chief Executive Gbenga Komolafe during the 2025 PENGASSAN Energy and Labour […]
$1.2bn Modular Refinery Investment Linked to NMDPRA Licensing – DAPPMAN
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has commended the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for its strategic regulatory oversight, which it says has attracted over $1.2 billion in modular refinery investments since 2022. The association described the NMDPRA’s reforms as a major catalyst for stability, innovation, and investor […]
Oil Sector: DAPPMAN Applauds NMDPRA’s Reforms
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has lauded the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for its transformative role in stabilizing and growing the downstream oil sector. According to DAPPMAN, the regulatory agency’s strategic leadership, policy consistency, and stakeholder engagement have greatly enhanced operational efficiency, product availability, and investor […]
Jonathan: Western Oil Firms Exploited Nigeria’s Weak Laws
Nigeria’s former President, Goodluck Jonathan, has sharply criticized Western oil companies for exploiting Nigeria’s historically weak legal framework and lack of technical expertise in the oil sector. Speaking at the Nigerian Content Development and Monitoring Board (NCDMB) Champions of Nigerian Content Awards Dinner in Yenagoa, Bayelsa State, Jonathan revealed how the absence of robust local […]