House of Reps blocks oil companies' divestment in Niger Delt

The House of Representatives has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Minister of State for Petroleum to withhold consent for international oil companies (IOCs) involved in the divestment of assets in the Niger Delta region until they comply with the Petroleum Industry Act (PIA) and NUPRC decommissioning guidelines. The lawmakers instructed […]

Related Keywords

Niger Delta , Nigeria General , Nigeria , Gbenga Komolafe , Ikenga Ugochinyere , Nigerian Upstream Petroleum Regulatory Commission , National Assembly , International Oil Companies , Petroleum Industry Act , Petroleum Resources Midstream , Petroleum Industry , Petroleum Resources , Host Communities , Gas Resources , Ikenga Imo Ugochinyere , Ensure International Oil Companies Involved , Niger Delta Region , Nigeria Comply , Abandonment Regulations , Chief Executive Officer , Executive Officer ,