Search

Nigeria Reaches Agreement with Producers for Market-Price Crude Supply to Local Refineries

Allen dreyfus Logo
© Allen Dreyfus
  • Nigeria and oil producers agree on market-price crude supply to support local refineries
  • NUPRC emphasizes adherence to Petroleum Industry Act for local crude supply obligations

 

Lagos, Nigeria – The Nigerian government announced on Thursday that it has reached an agreement with oil producers to sell crude oil to domestic refiners at market prices. This deal was facilitated by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) in response to challenges faced by local refineries in securing affordable crude oil.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Will Ruto's Vision 2060 outlive Kenya's politics?
Read More »
Tigray renewed conflict. Photo/Tigray War - Wikipedia
Is Ethiopia's fragile Tigray peace finally collapsing again?
Read More »
A Ghanaian farmer spreads cocoa beans to dry under the sun. Photo by Zeal Creative Studios @ Pexels
20-year jail terms: Will Ghana protect cocoa or criminalise farmers?
Read More »

Latest Posts

Latest news insights