ECOWAS unified fuel standard talks at advanced stage – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reported that discussions on a unified fuel standard within the Economic Community of West African States (ECOWAS) are at an advanced stage. Rabiu Umar, the Chief Executive of NMDPRA and Chairman of the West Africa Regulators’ Forum (WARF), disclosed this during an interview at the second West Africa Refined Fuel Market Conference in Abuja.

Umar emphasized that the integration of the region's energy market could lead to more efficient product distribution, increased investor confidence, and broader regional trade. He also noted that while Nigeria has some inefficient refineries, the Dangote refinery is significantly changing the flow of products in the region. The Head of Platts at S&P Global Energy, Vera Blei, confirmed that achieving a regional price benchmark is possible, but it requires collective action from all stakeholders.

Additionally, the ECOWAS Directorate of Energy and Mines recently organized a study tour in Accra, Ghana, to further discuss the implementation of the ECOWAS Directive C/DIR.1/9/2020 on Harmonized Specifications for Automotive Fuels, aiming to enhance fuel quality enforcement and cooperation among regulatory institutions across the ECOWAS region.

Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.