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FG to scrap DPR, PPPRA, names new oil regulators, managements

THE Department of Petroleum Resources (DPR) and Petroleum Products Pricing Regulatory Agency (PPPRA) – the two agencies saddled with responsibility of managing Nigeria’s upstream and downstream oil sub-sector, may no longer exist when the Petroleum Industry Act (PIA) begins full operation.

President Buhari, who doubles as the substantive Minister of Petroleum, last week announced the creation of new entities that will replace the two regulatory agencies.

Buhari, through a letter to the Senate President, Ahmed Lawan, has nominated the heads of the two regulatory agencies created by the PIA.

Signed into law in August by the President, the PIA created the Nigerian Upstream Regulatory Commission (NURC), which will assume functions of the DPR; and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which will take over roles of the PPPRA.

In the letter to the Senate, Buhari nominated Gbenga Komolafe as Chief Executive Officer of the NURC, and Sarki Auwalu for the NMDPRA. Both are to serve for five years, renewable once. Auwalu is incumbent Managing Director/CEO of the DPR.

The PIA recommends Senate’s confirmation of the two appointments..

The NURC CEO will be supported by six Executive Commissioners, who are to handle the day-to-day administration of the Commission.

The NURC, aside being involved in granting of new licences and approval of assignments of licence interests, would also regulate technical, operational, commercial and environmental activities associated with upstream petroleum operations.

The CEO of the NMDPRA will be supported by seven Executive Directors, who are to handle the day-to-day administration of the Authority, designed to provide pricing and tariff frameworks for natural gas in midstream and downstream gas operation. It will also provide pricing Tarrif for petroleum products

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