The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is set to host its inaugural conference in partnership with S&P Global Commodity Insights, aimed at unlocking the vast potential of West Africa’s refined fuel market.
The NMDPRA revealed this in a statement on Monday when announcing the two-day event scheduled to be held from 22nd to 23rd July, 2025, in Abuja.
According to the statement, the conference is designed to provide a foundational platform for exploring the potential development of the West African reference market for refined fuels, focusing on regional standardisation, pricing mechanisms, data transparency, stakeholder collaboration, market fundamentals and participation, expansion of in-country refining capacity and infrastructure development.
The statement noted that the conference would provide a platform for stakeholders to explore the development of a regional reference market for refined fuels.
The conference would focus on developing frameworks for standardisation, data transparency, and cross-border collaboration to build a robust and reliable pricing reference mechanism in West Africa.
During the conference, discussions would center on market fundamentals, participation, expansion of in-country refining capacity, and infrastructure development.
The event would foster conversations around regulatory, operational, and infrastructural requirements necessary for developing an integrated market.
The conference aimed to promote data transparency, which is essential for a well-functioning market.
Stakeholders would discuss ways to enhance cross-border collaboration, which is critical for regional market development.
The event would the beginning of a new era of regional energy cooperation and market evolution.
Representatives from regulatory bodies, ministries of petroleum/energy, and national oil companies are expected to attend the conference.
Stakeholders from the energy value chain, including depot and terminal operators, oil and gas traders, marketing companies, ship owners, and marine service providers, would also participate in the event.
Financial institutions and multilateral organisations would also be represented, to highlight the importance of financing in market development.
The conference would contribute to the development of a cohesive and resilient regional fuel market, which is essential for economic growth and energy security.
The event would promote regional cooperation, which is critical for addressing common challenges and opportunities in the energy sector.
