{"id":44371,"date":"2022-08-09T01:54:03","date_gmt":"2022-08-09T01:54:03","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=44371"},"modified":"2022-08-09T01:54:09","modified_gmt":"2022-08-09T01:54:09","slug":"nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/","title":{"rendered":"NUPRC defies Buhari, sale of ExxonMobil to Seplat on hold"},"content":{"rendered":"<p>The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil\/Seplat Energy share acquisition.<\/p>\n\n\n\n<p>Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on Monday in Abuja.<\/p>\n\n\n\n<p>President Muhammadu Buhari on Monday, consented to the acquisition of ExxonMobil shares in the U.S.A by Seplat Energy Offshore Limited.<\/p>\n\n\n\n<p>Responding to media enquiries on latest development about the transaction, Komolafe clarified that NUPRC, in line with provisions of the Petroleum Industry Act 2021 was the sole regulator in dealing with such matters in Nigerian upstream sector.<\/p>\n\n\n\n<p>He said as it were, the issue at stake was purely a regulatory matter and the commission had earlier communicated the decline of Ministerial Assent to ExxonMobil in this regard.<\/p>\n\n\n\n<p>The CCE said as such the Commission further affirmed that the status quo remained.<\/p>\n\n\n\n<p>\u201cThat position remains the status quo and to the best of our knowledge as a regulator nothing has changed.<\/p>\n\n\n\n<p>\u201cThe Commission is committed to ensuring predictable and conducive regulatory environment at all times in the Nigerian upstream sector,\u201d he said.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-44371\" data-postid=\"44371\" class=\"themify_builder_content themify_builder_content-44371 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil\/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on Monday in Abuja. President Muhammadu Buhari on Monday, consented to the acquisition of ExxonMobil shares in the U.S.A by Seplat [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4076,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949,908],"tags":[1285],"class_list":["post-44371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-oil-gas","tag-exxonmobil","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NUPRC defies Buhari, sale of ExxonMobil to Seplat on hold - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUPRC defies Buhari, sale of ExxonMobil to Seplat on hold - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that status quo remains in respect to ExxonMobil\/Seplat Energy share acquisition. Mr Gbenga Komolafe, Commission Chief Executive (CCE), NUPRC made this known in a statement on Monday in Abuja. President Muhammadu Buhari on Monday, consented to the acquisition of ExxonMobil shares in the U.S.A by Seplat [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/\" \/>\n<meta property=\"og:site_name\" content=\"The Freezone Channel\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-09T01:54:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-09T01:54:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2018\/11\/ExxonMobil.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Freezone Channel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Freezone Channel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/\",\"name\":\"NUPRC defies Buhari, sale of ExxonMobil to Seplat on hold - The Freezone Channel\",\"isPartOf\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2018\/11\/ExxonMobil.jpg\",\"datePublished\":\"2022-08-09T01:54:03+00:00\",\"dateModified\":\"2022-08-09T01:54:09+00:00\",\"author\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/#\/schema\/person\/0460d4e5d20a2b7504193e16ded4ecbd\"},\"breadcrumb\":{\"@id\":\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thefreezonechannel.com\/old\/nuprc-defies-buhari-sale-of-exxonmobil-to-seplat-on-hold\/#primaryimage\",\"url\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2018\/11\/ExxonMobil.jpg\",\"contentUrl\":\"https:\/\/thefreezonechannel.com\/old\/wp-content\/uploads\/2018\/11\/ExxonMobil.jpg\",\"width\":2048,\"height\":1152,\"caption\":\"FILE - In this Jan. 30, 2009 file photo, an Exxon tanker truck operated by Corey Moorer, right, of Clinton, Md., makes a refueling stop at an Exxon station in Arlington, Va. 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