The Nigerian Upstream Petroleum Regulatory Commission has directed exploration and production companies to strictly adhere to the Crude Oil Supply Obligations for local refineries. The commission also warned that it would deny export permits for crude oil cargoes intended for domestic refining if oil companies fail to meet their local crude supply commitments. In a

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Supply local refineries or lose export permits, NUPRC warns oil firms

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The NUPRC insists that any changes to cargoes designated for domestic refining must receive express approval from the commission. The post NUPRC set to deny export permits for non-compliance with domestic crude obligations appeared first on Premium Times Nigeria.

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NUPRC set to deny export permits for non-compliance with domestic crude obligations

ABUJA – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will henceforth deny export permits for crude oil cargoes intended for domestic refining, if oil companies do not fulfill their domestic crude obligations. The commission insists that any changes to cargoes designated for domestic refining must receive express approval from the Commission […]

Independent Newspapers Nigeria

NUPRC Threatens Producers, Refiners With Sanctions For Domestic Crude Obligations Violation – Independent Newspaper Nigeria

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has ordered exploration and production companies to strictly implement the Crude Oil Supply Obligations (DICSO) to local refineries. The regulator plans a heavy sanction on companies defaulting in their obligations as well as diverting crude oil meant for local refineries, according to the directive issued by the Commission Chief Executive, Engr. Gbenga Komolafe. The directive on Sund…

The Whistler Nigeria

Diversion Of Crude Oil Designated For Domestic Refineries Illegal, Will Attract Regulatory Sanction, NUPRC Warns

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to deny oil companies export licenses if they fail to supply crude oil to local refineries.   The post NUPRC threatens oil companies with export ban over failure to supply local refineries  appeared first on Nairametrics.

Nairametrics

NUPRC threatens oil companies with export ban over failure to supply local refineries

By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will sanction crude oil producers in Nigeria who routinely flout the Domestic Crude Supply Obligation (DCSO) to local refineries. The regulator warned that henceforth it would deny export permits for crude oil cargoes intended for domestic refining, if oil companies do not fulfill their domestic […]

Business Post Nigeria

NUPRC to Sanction Crude Producers Not Fulfilling Refineries Quota

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has vowed to take decisive action against International Oil Companies (IOCs) and independent producers diverting crude oil meant for domestic refining. To enforce compliance, the commission declared that it will deny export permits to any company failing to meet its Domestic Crude Supply Obligation (DCSO). The warning was issued at a high-stake industry meeting last weekend, where ove…

TheNigerialawyer

"'No Export For Defaulting Oil Firms' - NUPRC" - Moves Against Crude Diversion - TheNigeriaLawyer

February 03, (THEWILL) – The Nigerian Upstream Petroleum Regulatory Commission has issued a stern warning to oil producers, cautioning them against diverting crude oil cargoes designated for domestic refineries. In a letter dated February 2, 2025, and addressed to exploration and production companies as well as their equity partners, the NUPRC’s Chief Executive, Gbenga Komolafe, […]
The post NUPRC Warns Oil Producers Against Diversion Of Domesti…

thewillnews.com

NUPRC Warns Oil Producers Against Diversion Of Domestic Crude Cargo

The Federal Government has imposed a ban on the export of crude oil designated for domestic refineries, aiming to strengthen local refining capabilities, reduce petroleum imports, and ease foreign exchange pressures. Previously, about 500,000 barrels of crude per day intended for domestic refineries were diverted to international markets by traders and producers seeking quicker foreign […] The post FG enforces ban on crude oil exports for domest…

Idoma Voice Newspaper

FG enforces ban on crude oil exports for domestic refineries

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a stern warning to oil production companies, asking them to strictly adhere to crude oil supply obligations to local refineries. Mr. Gbenga Komolafe, the commission’s Chief Executive Officer, said in a statement on Monday that failure to comply would result in the denial of export permits for crude oil cargoes intended for domestic refining. Komolafe’s warning follows a rec…

Supply local refineries or lose export permits, NUPRC warns oil firms

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