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Nigeria confirms new oil regulator as oil prices rise amid Iran-U.S. tensions, while probing gas leaks and urging stronger anti-corruption protections.
Nigeria’s Senate confirmed Magnus Abe as Chairman of the Nigerian Upstream Petroleum Regulatory Commission, citing global oil price surges due to Iran-U.S. tensions as both a challenge and opportunity for Nigeria to boost revenues, invest in marginal fields, and expand gas production.
The federal government launched investigations into gas seepage in Rivers State’s Bille Community, with regulators finding no immediate link to oil infrastructure, while urging public cooperation and promising ongoing monitoring.
Meanwhile, the EFCC called for stronger whistleblower protection laws, warning of risks to those exposing corruption amid weak legal safeguards.
Nigeria confirma un nuevo regulador de petróleo a medida que los precios del petróleo aumentan en medio de las tensiones entre Irán y Estados Unidos, al tiempo que investiga las fugas de gas e insta a mayores protecciones anticorrupción.