The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called on oil producers to adopt fair pricing mechanisms to ensure steady domestic crude oil supply, in line with the country’s energy security goals and the implementation of the Petroleum Industry Act (PIA).

Speaking during a courtesy visit by Mattieu Bouyer, Managing Director of TotalEnergies, NUPRC Chief Executive Gbenga Komolafe emphasized the need for balance between Nigeria’s internal energy needs and its commitments under the Organization of the Petroleum Exporting Countries (OPEC).

“As a regulator, we are committed to Nigeria’s energy security while maintaining alignment with our OPEC production quota,” Komolafe said. “Fair pricing is not just a business issue — it’s a national necessity.”

Komolafe also sought the support of the Independent Petroleum Producers Group (IPPG) to ensure the smooth rollout of the PIA, which aims to overhaul Nigeria’s oil and gas sector for improved transparency, investment, and local content.

In response, Bouyer praised the NUPRC’s regulatory approach and reaffirmed TotalEnergies’ commitment to Nigeria’s upstream sector.

“We appreciate the Commission’s leadership and look forward to participating in the 2025 Licensing Bid Round,” he said.

The meeting reinforces NUPRC’s stance on aligning business practices with national policy objectives to strengthen domestic energy supply and investor confidence.