KEY POINTS
- 68.1m barrels were offered to Dangote Refinery in Q2.
- Dangote accepted 52.6m barrels, or 78% of the offer.
- Local refiners received 53.7m barrels of crude and condensate overall.
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that oil producers offered 68.1 million barrels of crude oil to the Dangote Refinery in the second quarter of 2026, but the refinery accepted 52.6 million barrels.
The figures were contained in the commission’s latest report on the enforcement of the Domestic Crude Supply Obligation (DCSO), a requirement under the Petroleum Industry Act (PIA) 2021 aimed at ensuring that crude produced in Nigeria is made available to local refineries.
According to the NUPRC, the volume accepted by the Dangote Refinery represents 78 per cent of the crude offered to it by producers during the three-month period covering April to June.
The commission said the Dangote Refinery indicated a requirement for 63 million barrels of crude during the second quarter.
Oil producers, however, offered a higher volume of 68.1 million barrels, exceeding the refinery’s stated requirement by about 5.1 million barrels.
Despite the larger volume offered, the refinery eventually took 52.6 million barrels.
NUPRC said the 68.1 million barrels offered to Dangote represented 98 per cent of the total crude volumes offered to all domestic refineries during the quarter.
The commission explained that the difference between the volume offered and the volume eventually accepted reflects the way the DCSO system operates. Under the framework, producers and domestic refiners negotiate transactions based on a “willing buyer, willing seller” arrangement.
53.7m barrels supplied to local refiners
Beyond the Dangote Refinery, NUPRC said domestic refineries received a total of 53.7 million barrels of crude oil and condensate between April and June.
This represented an overall DCSO performance of 97.4 per cent during the second quarter.
The commission said the figures showed that the domestic crude supply framework was being actively implemented and enforced.
NUPRC explained that it holds monthly meetings with crude oil producers and licensed domestic refineries. During these engagements, crude oil and condensate volumes are allocated to producers for supply to local refineries.
However, the final quantity supplied depends on transactions agreed between producers and refiners.
In April, NUPRC allocated 18.13 million barrels to oil producers for supply to local refineries.
The producers went beyond the allocation and offered 19.31 million barrels to refiners.
The actual volume eventually supplied stood at 20.88 million barrels, meaning producers achieved 114.9 per cent of their allocation for the month.
The figures suggest that supply during April exceeded the volume initially expected under the commission’s allocation system.
