UPSTREAM PETROLEUM FEES AND RENTS (TEMPORARY) REGULATIONS, 2025

UPSTREAM PETROLEUM FEES AND RENTS (TEMPORARY) REGULATIONS, 2025

Introduction On May 5, 2025, the Nigerian Upstream Petroleum Regulatory Commission (the “Commission”) issued the Upstream Petroleum Fees and Rents (Temporary) Regulations, 2025 (the “Regulation”) which is to serve as a temporary regulatory framework for the determination of fees and rents in the upstream sector pending consultations with stakeholders. The Regulation sets interim measures to […]