Nigeria’s oil regulator speaks on Russian-Ukrainian tension, $100 per barrel oil price Nigeria has declared plans to embargo approval of fund hunting for oil firms at its upstream operations unless they present record of their achievements. Platforms Africa reports that the Executive Secretary of the Nigerian Upstream Regulatory Commission (NURC), Engineer Gbenga Komolafe, said this at the Nigeria International Energy Summit (N.I.E.S) in Abuja. It is statutory for oil firms operating in Nigeria to, checks by Platforms Africa showed, seek approval from he authority before funds are sourced from local…
Read MoreBREAKING: No Achievement Record, No Fund Approval – Nigeria Tells IOCs
