Nigerian Government Cracks Down on Oil Companies for Failing Domestic Crude Supply Obligations
The Nigerian government has issued a warning to international oil companies and local producers, including Shell and Total, stating that export permits will no longer be granted if they fail to meet their domestic crude oil supply obligations. The Nigerian Upstream Petroleum Regulatory Commission is enforcing the provisions of the Petroleum Industry Act to ensure that producers prioritize local crude supply over exports.
This move aims to strengthen security and ensure a steady crude oil supply to Nigerian refineries, including the Dangote Refinery and modular plants across the country. Producers failing to meet their supply quotas may face export approval restrictions.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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