Refiners secure 112 million barrels out of 182 million offered in eight months — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed that crude oil producers offered 182 million barrels to domestic refiners between January and August. Of that volume, 112 million barrels, representing 61.4 percent, were transacted. Stakeholders have insisted that Nigeria's current crude production cannot support the forecast local refining capacity. The figures highlight the gap between crude offered and crude actually purchased by refiners.

Read More