Nigeria, Sept. 28 -- The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says crude oil producers offered 182 million barrels of crude to domestic refiners between January and August, with 112 million barrels already transacted.

The 112 million barrels represent 61.4 percent of the crude offered, leaving a gap of 70 million barrels between the volume offered by producers and completed transactions with domestic refiners.

The NUPRC Chief Executive Officer, Mrs Oritsemeyiwa Eyesan, disclosed this on Monday at the third Nigeria Oil Refining Summit in Lagos.

Eyesan, who was represented by the Deputy Director, NUPRC, Mr Boma Atiyegoba, said producers offered 182 million barrels against domestic refiners' declared requirement of 1...