FG Issues Fresh Directive To Oil Producers On Sale Of Crude Oil In Nigeria
<div><img width="300" height="169" src="https://www.naijanews.com/wp-content/uploads/2023/11/NUPRC-300x169.webp" class="attachment-medium size-medium wp-post-image" alt="FG Issues Fresh Directive To Oil Producers On Sale Of Crude Oil In Nigeria" style="margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2023/11/NUPRC-300x169.webp 300w, https://www.naijanews.com/wp-content/uploads/2023/11/NUPRC-1024x575.webp 1024w, https://www.naijanews.com/wp-content/uploads/2023/11/NUPRC-768x431.webp 768w, https://www.naijanews.com/wp-content/uploads/2023/11/NUPRC.webp 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The federal government of Nigeria has outlined new regulations that will guide the sale of crude oil to refineries in Nigeria. The government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) said oil producers are to sell crude oil to local refineries in a move to reduce the country’s dependence on imported refined products. According […]</p>
<p>The post <a href="https://www.naijanews.com/2024/04/15/fg-issues-fresh-directive-to-oil-producers-on-sale-of-crude-oil-in-nigeria/">FG Issues Fresh Directive To Oil Producers On Sale Of Crude Oil In Nigeria</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
The federal government of Nigeria has outlined new regulations that will guide the sale of crude oil to refineries in Nigeria.
The government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) said oil producers are to sell crude oil to local refineries in a move to reduce the country’s dependence on imported refined products.
According to the directive, all oil companies operating in Nigeria are required to supply crude oil to domestic refiners who are unable to procure their own supplies within the country.
After fulfilling their domestic supply commitments, producers can then go ahead to export crude oil, as outlined by the measures implemented by the NUPRC.
It added that payments for crude to domestic refiners can be made in dollars, naira, or a combination of both.
The NUPRC will serve as a middleman between local refiners and producers when agreements on crude supply cannot be finalized, helping to arrange a sales purchase agreement based on a willing-buyer, willing-seller model.
Naija News reports the NUPRC plans to implement the Domestic Crude Oil Supply Obligation initiative in the second half of the year and the specific quantity of crude each refinery is required to procure has not yet been determined.
<img src="https://www.mtlblog.com/media-library/a-person-walking-through-an-alley-right-a-person-on-a-beach.jpg?id=61190338&width=1245&height=700&coordinates=2%2C0%2C3%2C0"/><br/><br/><p>Canada is home to plenty of <a href="https://www.mtlblog.com/quebec-beautiful-beaches" target="_blank">dreamy beach towns</a>, and one of the most charming is just a road trip away from Montreal. With fairytale streets and three breathtaking white sand beaches, it's a true summer paradise.</p><p>In a <a href="https://www.facebook.com/NarcityCanada/posts/pfbid0T2eXCp6aZNfVKd7paWa35XAgjswV8gnKRKrx1jA4hcFyGpmKBj1vH7nArD6vvxvMl" rel="noopener noreferrer" target="_blank">Facebook post</a>, we asked readers to share what the <a href="https://www.narcity.com/best-ontario-beach-town-port-elgin-white-sand" rel="noopener noreferrer" target="_blank">best beach towns in Canada</a> are, and this beautiful destination in Ontario was one of the recommended spots.<br/></p><blockquote class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/CQq3nLMLkfJ/?utm_source=ig_embed&ig_rid=b37360e6-5d17-43c5-8a23-ba745cf49c00" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CQq3nLMLkfJ/?utm_source=ig_embed&ig_rid=b37360e6-5d17-43c5-8a23-ba745cf49c00" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>It offers a cozy downtown that's straight out of an episode of <em>Gilmore Girls</em>, as well as quaint farm markets, rolling vineyards and dreamy dune-filled beaches.</p><p><a href="https://www.narcity.com/small-town-in-ontario-girls-getaway-near-toronto" rel="noopener noreferrer" target="_blank">Picton</a> is an enchanting small town situated in Prince Edward County, approximately 4 hours from Montreal.</p><p>The charming downtown is brimming with local boutiques, inviting cafés, and delicious restaurants. You'll find everything from books to clothing and everyday essentials as you stroll along the postcard-worthy streets.</p><blockquote class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/CwfmOm8A0Z8/?utm_source=ig_embed&ig_rid=8b02dae1-8114-4cb5-b049-bed234b0f326" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CwfmOm8A0Z8/?utm_source=ig_embed&ig_rid=8b02dae1-8114-4cb5-b049-bed234b0f326" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>One of the area's biggest draws is its beaches. Sandbanks Provincial Park, located just a short drive from Picton, is a summer oasis that will have you feeling like you're in the tropics.</p><p>It's home to three gorgeous white sand beaches, which, according to the park's <a href="https://www.ontarioparks.ca/park/sandbanks" rel="noopener noreferrer" target="_blank">website</a>, are "among the best in Canada."</p><blockquote class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/CTOKlVEsNXK/?utm_source=ig_embed&ig_rid=78be10f3-021d-481f-8c6f-7d016b16b6f3" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CTOKlVEsNXK/?utm_source=ig_embed&ig_rid=78be10f3-021d-481f-8c6f-7d016b16b6f3" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>You can wander along towering dunes that look like something you'd you'd find in the desert. The sparkling turquoise waters make this park a beautiful spot to take a dip.</p><p>Aside from swimming, the area boasts rustic farm markets as well as beautiful wineries and vineyards where you can relax with a drink.</p><p>If you're dreaming of sandy shores and small-town charm, readers say Picton is among the best beach towns in the country.</p><p><a href="https://www.experiencepicton.com/" rel="noopener noreferrer" target="_blank">Experience Picton Website</a></p><p><em>Before you get going, check out our <a href="https://www.mtlblog.com/responsible-travel-guidelines" target="_blank">Responsible Travel Guide</a> so you can be informed, be safe, be smart, and most of all, be respectful on your trip.</em></p>
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