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Home News Business & Economy

NMDPRA, S&P Global to host maiden West African refined fuel market conference

Bassey Udo by Bassey Udo
July 19, 2025
in Business & Economy, News
0
We’re prioritising reimbursement of marketers’ bridging claims, says NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is to host the inaugural West African Refined Fuel Conference.

The two-day conference scheduled for Abuja on July 22 and 23, 2025 would be hosted in partnership with S&P Global Commodity Insights.

The NMDPRA said on Friday that the conference would provide a foundational platform for participants to explore the potential development of West African reference market for refined fuels.

The focus would be on regional standardisation, pricing mechanisms, data transparency, stakeholder collaboration, market fundamentals and participation, expansion of in-country refining capacity and infrastructure development.

The spokesperson of the NMDPRA, George Ene-Ita, said a major focus of the conference would be on developing frameworks for data transparency, standardisation, and cross-border collaboration for building a robust and reliable pricing reference mechanism in West Africa.

In addition to these goals, Ene-Ita said the Conference would foster conversations around the regulatory, operational, and infrastructural requirements necessary for developing an integrated market.

Participants in the conference are expected from key stakeholders from across the energy value chain, including regulators, ministries of petroleum/energy across Africa, regional organisations, national and international oil companies and private refiners.

Other stakeholders expected at the conference include depot and terminal operators, African oil and gas associations, financial institutions, multilateral organisations, Oil & Gas traders, marketing companies, ship owners and marine service providers.

“The Platform will also be used to initiate discussions on aligning national policies across West African countries to support the emergence of a cohesive and resilient regional fuel market, marking the beginning of a new era of regional energy cooperation and market evolution,” Ene-Ita said.

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Bassey Udo

Bassey Udo

Bassey Udo is a Journalist, Communication & Media Practitioner PERSONAL DETAILS DATE OF BIRTH: March 3, 1965 GENDER: Male NATIONALITY: Nigerian GSM: +234 802 313 7335; 07032308000 EMAIL: bassey.udo@gmail.com CONTACT ADDRESS: Plot 743 Coral Park Street, Lugbe CRD, Abuja, FCT 900128 A multiple award winning investigative reporter with specialised interest in Business & Economy, Energy & Power, Oil, Gas, Mining & Extractive Industry, Environment & Climate Change, etc. at various times for some of Nigeria’s elite newspapers and magazines, including Post Express, NewsAfrica magazine, Independent, 234NEXT and Premium Times. A member of the Nigerian Guild of Editors (NGE), Nigeria Union of Journalists (NUJ), Nigerian Institute of Public Relations (NIPR) and Society of International Law & Diplomacy (SILD). He is also a distinguished Alumnus of the U.S. International Visitors Leadership Programme (IVLP) 2017.

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