The Nigerian Upstream Regulatory Commission (NUPRC) has issued a new directive that oil producers in the country must sell crude to domestic refineries before attending to foreign demands.
According to a report on Bloomberg, under the new regulations, all oil firms in the country will be obliged to supply crude to domestic refiners that cannot independently source supplies locally.Read more
As per the NUPRC measures, producers are only entitled to export crude after meeting their domestic supply obligations.
