The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Wednesday, began stakeholders consultation on draft regulations on the measurement of petroleum products and safety in the industry with a call on stakeholders to make major contributions to the rule. The Petroleum Measurement Regulations seek to regulate and ensure accurate measurement and allocation of petroleum, petroleum liquids, natural gas and their derivates. The regulations will determine the basis for calculating revenue accruing to the government, licenses, contractors and other parties and also provide sanctions and penalties for failure to comply with…
Read MoreNMDPRA Unveils Regulations On Petroleum Measurement, Industry Safety
