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Questions and Answers
What is the primary function of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)?
What is the primary function of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)?
- To regulate technical and commercial aspects of upstream petroleum operations (correct)
- To manage the distribution of petroleum products
- To oversee the marketing of petroleum products
- To regulate downstream petroleum operations
What is one of the objectives of the NUPRC?
What is one of the objectives of the NUPRC?
- To ensure the efficient, effective, and ecologically responsible conduct of upstream petroleum operations (correct)
- To reduce the price of petroleum products
- To increase the number of petroleum licenses
- To promote the use of alternative energy sources
What is part of the technical regulatory function of the NUPRC?
What is part of the technical regulatory function of the NUPRC?
- Conducting research on alternative energy sources
- Implementing upstream petroleum operations rules, appropriate laws, and regulations (correct)
- Regulating the prices of petroleum products
- Awarding contracts for downstream operations
What is one of the responsibilities of the NUPRC in terms of licenses?
What is one of the responsibilities of the NUPRC in terms of licenses?
What is one of the goals of the NUPRC in terms of norms and standards?
What is one of the goals of the NUPRC in terms of norms and standards?
What is one of the functions of the NUPRC in terms of advice?
What is one of the functions of the NUPRC in terms of advice?
What is established by the Act?
What is established by the Act?
What does the NUPRC ensure in terms of laws and rules?
What does the NUPRC ensure in terms of laws and rules?
Which of the following institutions is responsible for giving policy direction to the entire petroleum industry?
Which of the following institutions is responsible for giving policy direction to the entire petroleum industry?
What is the role of the Minister in terms of international organisations on petroleum-related issues?
What is the role of the Minister in terms of international organisations on petroleum-related issues?
What is one of the commercial regulatory functions of the commission?
What is one of the commercial regulatory functions of the commission?
What is the purpose of the commission's cost analyses and benchmarks?
What is the purpose of the commission's cost analyses and benchmarks?
Which of the following is a key function of the Ministry of Petroleum Resources?
Which of the following is a key function of the Ministry of Petroleum Resources?
What is the Minister's role in terms of the commission and authority?
What is the Minister's role in terms of the commission and authority?
Which of the following is a responsibility of the commission in Nigeria's frontier basins?
Which of the following is a responsibility of the commission in Nigeria's frontier basins?
What is the outcome of the commission's research and analysis of Nigeria's unassigned frontier basins?
What is the outcome of the commission's research and analysis of Nigeria's unassigned frontier basins?
What is the main role of the Ministry of Petroleum Resources?
What is the main role of the Ministry of Petroleum Resources?
What is one of the powers of the commission?
What is one of the powers of the commission?
What is NOT one of the Minister's roles?
What is NOT one of the Minister's roles?
What is the purpose of the commission's portfolio management system?
What is the purpose of the commission's portfolio management system?
What is the Minister's role in terms of oil pricing?
What is the Minister's role in terms of oil pricing?
What is the outcome of the commission's direction to reduce output of crude oil or condensate?
What is the outcome of the commission's direction to reduce output of crude oil or condensate?
Which institution is responsible for the governance of the petroleum industry?
Which institution is responsible for the governance of the petroleum industry?
What information must leases and permit holders publish according to the commission's regulations?
What information must leases and permit holders publish according to the commission's regulations?
What is a source of funding for the Authority?
What is a source of funding for the Authority?
How many non-executive members are on the Board of the Authority?
How many non-executive members are on the Board of the Authority?
What percentage of the wholesale price of petroleum products is given to the Authority?
What percentage of the wholesale price of petroleum products is given to the Authority?
What is the name of the company that replaced the Nigerian National Petroleum Corporation?
What is the name of the company that replaced the Nigerian National Petroleum Corporation?
How many executive directors are on the Board of the Authority?
How many executive directors are on the Board of the Authority?
What does the Nigerian National Petroleum Company Limited (NNPC Limited) need to operate on?
What does the Nigerian National Petroleum Company Limited (NNPC Limited) need to operate on?
What percentage of profits does the Nigerian National Petroleum Company Limited (NNPC Limited) retain?
What percentage of profits does the Nigerian National Petroleum Company Limited (NNPC Limited) retain?
What type of company is the Nigerian National Petroleum Company Limited (NNPC Limited) incorporated under?
What type of company is the Nigerian National Petroleum Company Limited (NNPC Limited) incorporated under?
What is the composition of the Board of the Commission according to Section 11 of the Act?
What is the composition of the Board of the Commission according to Section 11 of the Act?
What is the primary objective of the Authority established by the PIA?
What is the primary objective of the Authority established by the PIA?
Who represents the ministry of finance in the Board of the Commission?
Who represents the ministry of finance in the Board of the Commission?
What is one of the objectives of the Authority?
What is one of the objectives of the Authority?
Who is responsible for finance and accounts in the Board of the Commission?
Who is responsible for finance and accounts in the Board of the Commission?
What is the role of the Authority in the provision of natural gas?
What is the role of the Authority in the provision of natural gas?
Who is the head of the Board of the Commission?
Who is the head of the Board of the Commission?
What is the focus of the Authority's regulation?
What is the focus of the Authority's regulation?
The institutional mandates clearly articulate each governing institution's responsibilities, deliverables, but not scope of authority.
The institutional mandates clearly articulate each governing institution's responsibilities, deliverables, but not scope of authority.
The Commission or the authority publishes notice for Stakeholders Consultation in at least one newspaper.
The Commission or the authority publishes notice for Stakeholders Consultation in at least one newspaper.
Institutional controls ensure adherence to the operational code of conduct, create instruments and a process for decision-making, and establish a streamlined appointment process wherein the boards of both regulatory bodies are chosen by the Senate.
Institutional controls ensure adherence to the operational code of conduct, create instruments and a process for decision-making, and establish a streamlined appointment process wherein the boards of both regulatory bodies are chosen by the Senate.
The stakeholder engagement process for the making of new industry regulation involves only the publication of notice in a website.
The stakeholder engagement process for the making of new industry regulation involves only the publication of notice in a website.
The governance structure outlines the roles of the Minister, Regulators, and the commercial operator, but not the NNPC.
The governance structure outlines the roles of the Minister, Regulators, and the commercial operator, but not the NNPC.
The module has explained the governance structure, but not the roles of the Minister, Regulators and the commercial operator.
The module has explained the governance structure, but not the roles of the Minister, Regulators and the commercial operator.
The stakeholder engagement process leads to the finalization of regulations without consulting relevant parties.
The stakeholder engagement process leads to the finalization of regulations without consulting relevant parties.
The institutional mandates do not clearly articulate each governing institution's responsibilities.
The institutional mandates do not clearly articulate each governing institution's responsibilities.
The Commission or the authority publishes notice for Stakeholders Consultation in a website or four Newspapers.
The Commission or the authority publishes notice for Stakeholders Consultation in a website or four Newspapers.
The governance structure only outlines the roles of the Regulators and the commercial operator.
The governance structure only outlines the roles of the Regulators and the commercial operator.
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