The Nigerian Upstream Petroleum Regulatory Commission has disclosed that a total of 53.7 million barrels of crude oil and condensate were supplied to local refiners between April and June 2026. This supply was executed under the Domestic Crude Supply Obligation, which is administered in accordance with Section 109 of the Petroleum Industry Act of 2021.
The performance represents a significant recovery compared to the first quarter of 2026. Between January and March, domestic refineries received only 28.5 million barrels of crude oil, translating to a supply conversion rate of 36% to 46% despite producers offering 68.7 million barrels.
Monthly Breakdown of Q2 Crude Deliveries
In April 2026, the regulator allocated 18,127,638 barrels to producers. Producers subsequently offered 19,312,476 barrels to local refiners, and actual deliveries reached 20,879,381 barrels, representing a 114.9% performance rate against the allocated volume.
The performance dipped in May 2026, when the commission allocated 18,778,392 barrels. While producers offered 23,187,893 barrels, actual supplies ended the month at 14,228,865 barrels, representing a 75.8% compliance rate.
In June 2026, the allocation stood at 18,172,638 barrels. Producers offered 26,835,119 barrels to refiners, and actual deliveries finished at 18,606,026 barrels, representing a 102.4% performance rate.
Dangote Refinery Leads Domestic Consumption
At the individual refinery level, Dangote Refinery required 63 million barrels of crude oil during the second quarter. Producers offered 68.1 million barrels to the facility, representing 98% of all crude volumes offered to local refiners during the three-month period.
The refinery ultimately accepted 52.6 million barrels, which represents 78% of the total volume offered to it. The transaction was conducted under the willing buyer, willing seller framework that governs the domestic supply market.
The regulator attributed the improved performance in the second quarter to rising domestic oil production. Additionally, the signing of long-term crude supply agreements, backed by bankable Sales and Purchase Agreements between producers and domestic refiners, helped stabilize supply lines.
