Financial Energy Review
Asserting its confidence in the market it regulates, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed headline sponsorship of OTL Africa Downstream Energy Week 2024.
NMDPRA (Otherwise known as “The Authority”) was created in August 2021 in line with the Petroleum Industry Act 2021 which provides legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry as well as development of Host Communities.
NMDPRA’s encompasses a merger of three defunct regulatory agencies: Petroleum Products Pricing Regulatory Agency (PPPRA), Petroleum Equalization Fund
Management} Board (PEFMB), the Midstream and Downstream Divisions of the Department of Petroleum Resources (DPR).
The Authority is responsible for the regulation of the midstream and downstream petroleum operations in Nigeria which includes technical, operational, and commercial activities.
