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Domestic Refiners Get 127m Barrels Crude In-country in 9 Months – NUPRC
🇳🇬 Nigeria · Economy · 6 h ago
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26.10 17:46 UTC
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NUPRC Eyes Domestic Crude Swap, Aims For $4/b Cost Reduction For Local Refiners
Domestic Refiners Get 127m Barrels Crude In-country in 9 Months – NUPRC
The commission’s Chief Executive, Oritsemeyiwa Eyesan, disclosed this on Monday at the OTL Africa Downstream Energy Week 2026 in Lagos, saying the proposed arrangement would allow refiners to obtain crude from nearby production or export points rather than transport allocated grades over long distan
“Under it, a refiner could receive crude from the nearest suitable production or export point instead of moving an allocated grade over long distances, which could take an estimated three to four dollars off the cost of every barrel,” she said.
The deliveries form part of efforts to implement the Domestic Crude Supply Obligation under the Petroleum Industry Act 2021, which provides a framework for supplying crude to local refineries.
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