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Crude Oil June 27, 2025 06:01:20 AM

NUPRC Announced Guidelines for Tracking Crude Oil Cargoes

Anil
Mathews
OilMonster Author
Furthermore, it will monitor the movement of crude oil within the country.
NUPRC Announced Guidelines for Tracking Crude Oil Cargoes

SEATTLE (Oil Monster): The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced release of new guidelines, aimed at tracking crude oil cargoes in a more efficient, accountable and transparent manner.

In accordance with the Nigerian Upstream Petroleum Advance Cargo Declaration Regulation, 2024, the rules are being released with the intention of creating a strong framework for the declaration and monitoring of the nation's exports of crude oil and petroleum products. It will also keep an eye on the flow of crude oil around the nation.

The country has seen a high rate of crude oil theft, which the new regulations would aim to avoid. Furthermore, it will stop under-declaration at export ports, guaranteeing that only approved goods in the appropriate quantity are shipped. Additionally, it will guarantee that the government gets the right amount of money from exports.

As a result, exporters must use the NUPRC's online platforms to secure an export authorization, vessel clearance, and a Unique Identification Number (UIN) before shipping. Following exporter identification verification and export volume verification, the regulator will issue the clearance notification and a Unique Identification Number (UIN). All legitimate export paperwork must include a quote for the UIN.


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