Nigeria Imports 2 Million Barrels of Libyan Crude Oil

Nigeria has imported 2 million barrels of Libyan crude oil, marking the first time the country has sourced crude from Libya. This import, averaging approximately 64,500 barrels per day, comes amid a domestic shortage of crude oil, as local refineries struggle with insufficient supply due to high export levels.

The Dangote Petroleum Refinery is a major player in this import, which is significant as it highlights the growing role of Libyan crude in the regional energy market. Reports indicate that the Libyan Oil Corporation has denied entering negotiations regarding crude oil supply to Nigerian refineries.

Despite this, the Nigerian National Petroleum Company has confirmed its commitment to legal mechanisms for selling Libyan oil. The importation of Libyan crude is part of a broader trend, as Nigeria's oil exports reached 148.9 million barrels valued at N20.22 trillion in the first five months of 2026, while domestic production was approximately 216.85 million barrels.