In a decisive move to enhance local refining capacity and reduce reliance on imported petroleum products, the Federal Government has banned the export of crude oil designated for domestic refineries. Naija News understands that this measure is also aimed at easing pressure on foreign exchange reserves. For years, an estimated 500,000 barrels per day (bpd) [...]The post NUPRC Cracks Down On Crude Oil Diversion, Bars Export Of Domestic Allocation appeared first on Naija News.
Related Articles
Don't miss out on breaking stories and in-depth articles.