PIA: NUPRC asked to account for 3% OPEX revenue from oil companies in Akwa Ibom …C0NTINUE READING HERE >>>
Oil producing communities in Akwa Ibom State, civil society organisations as well as the media have called on the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to make public the available data on the 3% Operating Expenditure (OPEX) revenue paid by oil firms in the state as well as how the revenue is calculated, as stipulated by the Petroleum Industry Act, PIA.
This was part of the communique at the end of the ‘Stakeholders’ Dialogue on Host Community Beneficiation Provisions in the PIA and its Implementation’ held in Uyo, Akwa Ibom State, organized by CISLAC in…
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