PIA: NUPRC asked to account for 3% OPEX revenue from oil companies in Akwa Ibom

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Akwa Ibom News

NUPRC,OPEX,PIA

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...

Oil producing communities in Akwa Ibom State, civil society organisations as well as the media have called on the Nigerian Upstream Petroleum Regulatory Commission to make public the available data on the 3% Operating Expenditure revenue paid by oil firms in the state as well as how the revenue is calculated, as stipulated by the Petroleum Industry Act, PIA.

Parts of the communique read, 'NUPRC should respond to the requests and furnish HCDTs and the public with data on the 3% OPEX revenue paid by settlors and how this is calculated transparently. 'NUPRC should give disclosure of how the Gas Flare penalty of all settlors are being utilized to address ecological footprint. For example, the 21 million dollars paid by Mobil for Akwa Ibom State to address the ecological footprint in the host communities.

 

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