Nigeria Blocks Export Permits Of Oil Producers Not Meeting Local Refinery Quotas

Nigeria has made a strong move to ensure that oil producers meet their domestic supply obligations by blocking oil export permits for companies that fail to send enough crude to local refineries. This includes the Dangote Refinery, the largest in Africa. The country’s Petroleum Industry Act (PIA) requires oil producers, both local and international companies, […]
Nigeria to Ensure Steady Crude Oil Supply to Local Refineries

The Nigerian government and oil producers have agreed to ensure a steady supply of crude oil to local refineries at market-driven prices. This decision aims to optimize business for operators while guaranteeing enough crude oil for refineries, following concerns raised by Dangote Petroleum Refinery about possible sabotage. The agreement, made during a meeting organized by […]