Dangote Refinery Accepts 78% of Local Crude Offered in Q2 — NUPRC

The Dangote Petroleum Refinery accepted 52.6 million barrels of crude oil and condensate in the second quarter of 2026, representing about 78 per cent of the 68.1 million barrels offered by Nigerian producers, according to the Nigerian Upstream Petroleum Regulatory Commission.

The NUPRC disclosed this in its Q2 2026 report on the enforcement of the Domestic Crude Supply Obligation, issued in accordance with Section 109 of the Petroleum Industry Act 2021.

According to the commission, the Dangote refinery required 63 million barrels during the quarter, but producers offered it 68.1 million barrels—about 98 per cent of all volumes offered to domestic refineries.

Despite being offered more than its stated requirement, the refinery accepted 52.6 million barrels, which the regulator described as 78 per cent of the volume offered.

Overall, the NUPRC said 53.7 million barrels of crude oil and condensate were supplied to local refiners between April and June, translating to a DCSO performance rate of 97.4 per cent for the quarter.

The commission said it meets monthly with crude oil producers and licensed domestic refineries to determine the volumes producers should offer to the local market. However, actual transactions are governed by the PIA’s “willing buyer, willing seller” principle.

In April, producers were allocated 18.13 million barrels but offered 19.31 million barrels to domestic refiners. Actual supply reached 20.88 million barrels, representing 114.9 per cent of the allocated volume.

For May, the commission allocated 18.78 million barrels to producers, who offered 23.19 million barrels. Actual supply, however, fell to 14.23 million barrels, reflecting a compliance rate of 75.8 per cent.

In June, producers were allocated 18.17 million barrels but offered 26.84 million barrels to refineries. Domestic refiners accepted 18.61 million barrels, resulting in a performance rate of 102.4 per cent.

The NUPRC attributed the improvement in domestic crude supply to increased oil production and the signing of long-term crude supply agreements backed by bankable sales and purchase arrangements between producers and local refiners.

It reaffirmed its commitment to the Federal Government’s energy-sufficiency objective, pledging to sustain gains in crude oil production and continue enforcing the domestic supply obligation under the Petroleum Industry Act.