Nigeria Supplied 53.7 Mln Barrels Of Crude To Local Refiners In Q2

Nigeria supplied 53.7 million barrels of crude oil and condensate to local refiners between April and June, achieving an overall compliance rate of 97.4% in the second quarter of 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said.

The regulator said the performance was in line with its enforcement of the Domestic Crude Supply Obligation (DCSO) under Section 109 of the Petroleum Industry Act (PIA).

The NUPRC said it meets monthly with crude oil producers and licensed domestic refineries, after which producers are allocated specific volumes of crude oil and condensate to be offered to local refiners.

However, under the PIA, the framework operates on a “willing buyer, willing seller” basis, which influences the final volumes supplied.

In April, following consultations with stakeholders, the NUPRC allocated 18,127,638 barrels to producers. Producers offered 19,312,476 barrels to refiners, while actual supplies stood at 20,879,381 barrels, representing 114.9% compliance with the allocation.

In May, the commission allocated 18,778,392 barrels to producers. Producers offered 23,187,893 barrels to local refiners, but actual supplies stood at 14,228,865 barrels, representing 75.8% compliance.

In June, the NUPRC allocated 18,172,638 barrels to producers. Producers offered 26,835,119 barrels to refiners, while actual supplies stood at 18,606,026 barrels, representing 102.4% compliance.

The commission said the improvement in DCSO compliance coincided with an increase in local oil production and the signing of long-term crude supply agreements, backed by bankable sales and purchase agreements between producers and domestic refiners.

At the refinery level, the statistics showed that Dangote Refinery required 63 million barrels in the second quarter, while producers offered 68.1 million barrels. The volume offered to the refinery represented 98% of all crude volumes offered to domestic refiners.

Dangote Refinery ultimately accepted 52.6 million barrels, or 78% of the volume offered, the NUPRC said.

The commission reaffirmed its commitment to supporting the government’s objective of achieving energy sufficiency.

“Leveraging the framework of the PIA 2021, the commission aims to sustain recent gains in crude oil production while continuously enforcing the DCSO,” it said.