The Senate Committee on Petroleum Resources Upstream says it will ensure that every single provision enshrined in the Petroleum Industry Act PIA is followed to logical conclusion without any form of ambiguity.
The committee said that the National Assembly would invoke its constitutional mandate to ensure the Nigerian Upstream Petroleum Regulatory Commission NUPRC and the Petroleum Industry run in line with the provisions of the Act.
The Chairman of the committee, Albert Bassey, said this in Abuja, during an oversight visit by the committee to NUPRC.
According to the chairman, this is the first time in Nigeria’s history, that there is a ‘one stop booklet’ which actually clarifies the certainty, prospect and competitiveness of oil and gas industry.
Bassey further noted that the committee would equally have engagement with NUPRC board members to understand its policy direction and projection of the commission in the first quarter of 2022 and next one year.
