“As an example, we paid $96.23 per barrel for a cargo of Bonga crude grade in April (excluding transport). The price consisted of $90.15 dated Brent price + $5.08 NNPC premium (NSP) + $1 trader premium. In the same month, we were able to buy WTI at a dated Brent price of $90.15 + $0.93 trader premium including transport. When NNPC subsequently lowered its premium based on market feedback that it was too high, some traders then started asking us for a premium of up to $4m over and above the NSP for a cargo of Bonny Light,” Edwin said.
Browsing: NUPRC
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has directed oil refiners in the country to provide monthly price quotes on crude supply.
“While the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) are trying their best to allocate the crude for us, the IOCs are deliberately and willfully frustrating our efforts to buy the local crude
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday, said the Nation’s oil and gas reserves as of January 1,…
The Nigerian Upstream Petroleum Regulatory Commission has put plans in motion to relocate some of its units to Lagos, a document sighted by ChannelsTV reveals.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rolled out its action plan for 2024 and near term 2024 to 2026 highlighting regulatory actions to be implemented in furtherance of its mandate.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled the Regulatory Framework for Energy Transition, Decarbonization and Carbon Monetization for upstream operations in Nigeria.
Stakeholders have advocated for increased awareness and support toward adequate gender representation in workplaces and to bridge the gap in women’s representation in management positions.
President Bola Tinubu on Tuesday approved the appointment of three new Executive Commissioners at the Nigerian Upstream Petroleum Regulatory Commission pending their confirmation by the Senate.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in compliance with provisions of Section 71 (1) – (10) of the Petroleum Industry Act (PIA) 2021 has granted a Petroleum Exploration Licence (PEL) to TGS-PetroData Offshore Services Limited (TGS-PD).