Why international oil firms and local producers agreed to supply Dangote, others crude oil

  • Local crude oil producers and international oil companies (IOCs) have agreed to supply crude to Dangote and other refineries
  • The development came following a meeting between the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and the producers
  • They also agreed to provide a monthly NUPRC with cargo price quotes on crude supply and delivery to monitor and regulate transactions

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.

The Nigerian government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has agreed with oil producers to allow the sale of crude oil to local refineries at market prices.