The NUPRC is consulting widely with stakeholders in the industry on the idea of a domestic crude oil and gas swap that would reduce cost and increase availability of products in the country.
The Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan , said this during a courtesy visit to the Nigerian Midstream and Downstream Petroleum Regulatory Authority in Abuja on Thursday, August 13, 2026.
Eyesan noted that once all the modalities are finalised, there would be an improved compliance with the Domestic Crude Supply Obligation (DCSO) and the Domestic Gas Supply Obligation.
This, she said, would also be coordinated along with the Gas Aggregation Company Nigeria Limited (GACN).
Latest statistics by the Commission showed a massive improvement in domestic crude supply to local refiners.
A total of 53.7 million barrels of crude oil were supplied to local refiners between April and June, showing an overall performance of 97.4% for Q2 2026.
However, importation of crude oil persists.
Eyesan therefore stated that the Commission was in discussions with stakeholders on the way forward.
