FG through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed worries over oil companies’ non- compliance to the Domestic Crude Oil
Before Petroleos Mexicanos (Pemex) surprised the oil industry last week with plans to take full control of a refinery in Texas, an internal assessment by the Mexican state oil company had concluded it lacked expertise in the refining business. Pemex's domestic refining operations have long racked up losses, and the 2019 internal assessment seen by Reuters found the state oil group had failed to take advantage of its nearly three-decade partnership with Royal Dutch Shell in the profitable Deer Park refinery in Texas. Knowledge that could have been useful to Mexico's six domestic refineries had not been effectively transferred from Deer Park, the report found.