Nigeria's Crude Oil Deliveries Surge 88.4% in Q2 2026
In the second quarter of 2026, crude oil deliveries to Nigeria's domestic refineries surged by 88.4%, as the Federal Government's Domestic Crude Supply Obligation (DCSO) recorded a performance rate of 97.4%, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Local refineries received 53.7 million barrels of crude oil and condensate from April to June, a significant increase from 28.5 million barrels in the first quarter.
The Dangote Petroleum Refinery played a crucial role, accepting 52.6 million barrels out of 68.1 million barrels offered by producers, which represented 98% of all crude volumes offered to local refineries during the quarter. The NUPRC noted that the improvement in domestic crude supply was linked to increased oil production and the establishment of long-term crude supply agreements.
The DCSO framework operates on a 'willing buyer, willing seller' basis, influencing the outcomes of crude allocations.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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