Gas flare penalty increased to US$2 per 1000 scf
The Nigerian government have increased gas flare penalty from N10 to $2 or N612.8 per thousand standard cubic feet (scf) of gas.
This penalty applies to any firm that produces 10,000 barrels of oil per day and above. For firms producing … Read More
In a statement by the by Paul Osu of the Public Affairs Department, The Department of Petroleum Resources (DPR) is set to roll out a digitalization programme to automate its critical operations, enhance the efficiency of its regulatory deliverables and accelerate recovery of outstanding revenues due to the government.
The … Read More