Section 4 Petroleum Industry Act 2021
Section 4 Petroleum Industry Act 2021 is about Establishment of the Nigerian Upstream Regulatory Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act.
(1) There is established the Nigerian Upstream Petroleum Regulatory Commission (in this Act referred to as “the Commission”) which shall be a body corporate with perpetual succession and a common seal.
(2) The Commission shall have the power to acquire, ho Id and dis pose of property, sue and be sued in its own name.
(3) The Commission shall be responsible for the technical and commercial regulation of upstream petroleum operations.
