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It monitors the oil and gas industry to ensure compliance with relevant regulations and laws. [1] It also oversees the safety and other regulations that relate to the exportation and importation of the products into the country. [2] As part of its activities, the department manages the upstream and downstream sectors in Nigeria petroleum ...
The president of Nigeria as of 2023, Bola Tinubu, has taken steps to privatize the oil and gas industry in Nigeria. Decades of government ownership and control of the industry left the people at large impoverished and unable to experience any of the economic gain related to oil and gas exploration and extraction, Tinubu hopes that privatization ...
In 1971, the Nigerian National Oil Corporation (NNOC) was created to handle direct commercial operational activities in the oil industry on behalf of the Federal Government. [4] However, the Department of Petroleum Resources in the Federal Ministry of Mines and Power continued to exercise statutory supervision and control of the industry.
The following is a list of agencies in the government of Nigeria. ... Oil and Gas Free Zones ... National Environmental Standards and Regulations Enforcement ...
Pakistan: Oil & Gas Regulatory Authority (OGRA) is the primary Oil & Gas Regulator Established under the OGRA Ordinance, 2002 for regulating the midstream and downstream Oil & Gas Sector in the country for regulated activities pertaining to issuance of Licences, Revenue Requirements and Tariff Determination for Oil & Gas molecules sold by the ...
According to the Nigerian constitution, all minerals, gas, and oil the country possesses are legally the property of the Nigerian Federal Government. The revenue gained by the NNPC accounts for 76% of federal government revenue [16] and 40% of the entire country's GDP. As of 2000, oil and gas exports account for 98% of Nigerian export earnings ...
The National Oil Spill Detection and Response Agency (NOSDRA) is an agency under the Federal Ministry of Environment in Nigeria.It was instituted by the National Assembly of the Federal Republic of Nigeria act of 2006 with the core mandate to oversee the implementation of the National Oil Spill Contingency Plan (NOSCP) which also incorporates the National Oil Spill Contingency System (NOSCS ...
The National Energy Policy of Nigeria establishes guidelines for the protection of the environment in the exploitation of Nigeria's fossil fuels. It also emphasizes the exploration of renewable and alternative energy sources, primarily solar , wind , and biomass .