NUPRC Consults Producers and Refiners on Crude Swap to Cut Domestic Haulage Costs

Nigeria · ENERGY Key Facts —Proposed mechanism: The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is consulting on a domestic crude swap that would let producers and refiners exchange supply obligations by location and settle volumes through netting. —Estimated savings: Industry sources cited by Nigerian media say the swap could save about US$3 to US$4 per…