The Nigerian government has introduced 37 new crude oil evacuation routes across the country in a bid to enhance output and crack down on theft, while…
Browsing: NUPRC
Several Nigerian oil companies are racing to convert their Petroleum Prospecting Licences (PPLs) to Petroleum Mining Leases (PMLs) before they expire, the Nigerian Upstream Petroleum Regulatory…
Nigeria’s crude oil reserves are expected to last for another 64 years, while its gas reserves could sustain the country for 93 years, according to new…
The Federal Government’s policy allowing crude oil sales in naira for domestic refining remains firmly in place, despite reports suggesting otherwise, according to Zacch Adedeji, Chairman…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has instructed the exploration and production firms to closely follow the crude oil supply obligations for local refineries. Additionally,…
Operators in Nigeria are expressing growing concerns as over 55 oil licences across Niger Delta blocks are set to expire before the end of 2025. This…
Nigeria’s crude oil revenue surged to approximately ₦50.88 trillion in 2024, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report revealed that…
Nigeria’s crude oil earnings reached approximately N50.88 trillion in 2024. Nigeria produced 408,680,457 barrels of crude oil in 2024, according to data from the Nigerian Upstream…
According to the latest report by the Auditor General of the Federation, two agencies that oversee Nigeria’s petroleum industry failed to properly account for over N313…
The Nigerian government has revealed intentions to revise its Domestic Crude Supply Obligation Regulations 2023 in response to the supply challenges faced by Dangote Refinery and…