NUPRC Eyes Domestic Crude Swap, Aims For $4/b Cost Reduction For Local Refiners

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is considering a domestic crude swap framework that it says could cut refiners’ costs by an estimated $3 to $4 per barrel.
The commission chief executive,  Oritsemeyiwa Eyesan, disclosed this on Monday in Lagos at the OTL Africa Downstream Energy Week 2026.
Speaking on the theme, “Secure Energy, Shared Prosperity,” she was represented by the Assistant Director, Operations, Mr. Prosper Omonedo.
Eyesan said the NUPRC is consulting producers, refiners and other stakeholders on the framework.
“Under it, a refiner could receive crude from the nearest suitable production or export point instead of moving an allocated grade ov...