Oritsegbubemi Omatseyin
Lagos — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to implementing the Domestic Crude Supply Obligation, DCSO, a key policy aimed at ensuring domestic energy security in Nigeria.
This resolution followed a high-level meeting between the Commission’s Chief Executive, Engr. Gbenga Komolafe, and representatives of the Oil Producers Trade Section, OPTS, and the Independent Petroleum Producers Group, IPPG. The discussions focused on addressing industry concerns and ensuring the seamless enforcement of the DCSO.
Engr. Komolafe emphasized the importance of upholding the Petroleum Industry Act, PIA, 2021 and maintaining regulatory clarity. He noted that the DCSO regulation, developed in collaboration with stakeholders, provides clear guidelines under Section 109 of the PIA.
This article was originally posted at sweetcrudereports.com
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