New Rules Mandate Real-Time Tracking of Oil Exports
Nigeria’s oil regulator has introduced the NUPACDR regulation requiring exporters to secure vessel permits, unique IDs, and full cargo info for real-time monitoring.
Introduced to prevent theft and under‑declaration, non‑compliance carries fines up to $20,000.
Energy lawyer Ayodele Oni praised the measure as a breakthrough in transparency.
Adedayo Obadina
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