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Nigeria's oil regulator threatens export bans on companies not supplying local refineries.
Nigeria's oil regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), will deny export permits to companies that fail to supply crude oil to local refineries as required.
This action aims to ensure a stable crude supply for domestic refineries, enhancing Nigeria's energy security.
The NUPRC warned that any changes to crude designated for local use must have explicit approval, underlining the strict enforcement of the Domestic Crude Supply Obligation (DCSO) policy.
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El regulador del petróleo de Nigeria amenaza con prohibir las exportaciones a las empresas que no suministran refinerías locales.