- 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.
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