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Tag: NMDPRA

Business

NMDPRA orders operators to meet host community fund obligations

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has stepped up enforcement of the Host Community Development Trust framework under the Petroleum Industry Act (PIA) 2021, directing operators and licensees to comply with the mandatory three per cent annual contribution to host community funds. The regulator also unveiled a digital portal designed to enhance transparency, […]

Business

Oil firms in free zones must comply with PIA – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has stated that oil and gas companies operating within free trade zones, export processing zones, and other designated special areas in Nigeria are still fully bound by the provisions of the Petroleum Industry Act 2021, as well as all regulations made under it. The regulator made the […]

featured Oil and Gas

Petrol consumption rises despite pump price hike in April — NMDPRA

Despite an increase in the pump price of Premium Motor Spirit, also known as petrol, daily consumption rose by 10.78 per cent in April to 52.4 million litres, from 47.3 million litres recorded in March, data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority has indicated. Petrol price averaged N1,370 per litre in April, […]

Aviation featured

NMDPRA sets aviation fuel price band for Lagos, Abuja

Nigerian Midstream and Downstream Petroleum Regulatory Authority on Monday, recommended that the price of Jet-A1, otherwise known as aviation fuel, should range between N1,760 and N1,988 per litre and N1,809 and N2,037 per litre in Lagos and Abuja. NMDPRA said the price band was arrived at following deliberations by a technical committee it convened on […]

Aviation

NMDPRA assures two-month aviation fuel sufficiency amid scarcity fears

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has assured Nigerians of strong aviation fuel availability across the country, disclosing that current stock levels can sustain demand for a total of 74 days. BusinessDay reported that in a statement issued on Friday by Director, Public Affairs Department, George Ene-Ita, the Authority said inland reserves account […]

Electricity

NMDPRA boss links electricity woes to poor gas-to-power deals

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Engr. Saidu Mohammed, has attributed Nigeria’s persistent electricity supply problems to weak commercial arrangements in the gas-to-power segment. According to Vanguard, he stated that the issue is not due to a shortage of gas resources or insufficient generation capacity. Mohammed pointed out that […]

FG hails progress in Naira-for-Crude policy, vows continued support
Business

NMDPRA resumed fuel import licences to avert scarcity — Oil Marketers

Oil marketers have stated that the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s decision to resume petrol and diesel import licences is aimed at bridging supply gaps and averting fuel shortages. They noted that the measure is intended to compensate for shortfalls, as local refineries are currently unable to satisfy the country’s full domestic petroleum […]

Policy and Regulations

NMDPRA seals 11 petrol stations in Rivers for under-dispensing violations

The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Friday sealed 11 petrol filling stations in Rivers State for engaging in sharp practices, including under-dispensing products to the public, using failed pumps, and other regulatory infractions. The affected petrol stations are located in Obio-Akpor and Port Harcourt City Local Government Areas of the state. The […]

Oil and Gas

NUPRC, NMDPRA strengthen regulatory collaboration to boost investments

The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have taken significant steps towards strengthening regulatory efficiency and attracting fresh investments into Nigeria’s oil and gas industry. The development followed a high-level meeting held at the corporate headquarters of the NUPRC in Abuja, which was attended by the Commission […]

Port Harcourt refinery begins operation in Rivers
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P’Harcourt refinery still supplies 349,000 litres of diesel daily — NMDPRA

The Port Harcourt Refining Company, despite being shut down, continues to supply 349,000 litres of automotive gas oil (diesel) to the market each day, according to the latest data published by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The regulator said the refinery, which was shut by the Nigerian National Petroleum Company Limited on […]

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NMDPRA, NUPRC chiefs step down

The chief executives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Petroleum Regulatory Commission, Engineers Farouk Ahmed and Gbenga Komolafe, have stepped down from their positions. The development was confirmed in a statement issued on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy. Following the […]

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