Dangote Refinery Receives 98% of Q2 Crude Supply

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported a 97.4% performance rate in the Domestic Crude Supply Obligation (DCSO) for Q2 2026, with local refiners receiving 53.7 million barrels of crude oil and condensate. The Dangote Refinery received 52.6 million barrels, which is about 98% of the total 69.3 million barrels offered to all domestic refiners.

The refinery required 63 million barrels but accepted 10.4 million barrels less than its requirement. Producers were allocated 55.1 million barrels but offered 69.3 million barrels, resulting in 15.6 million barrels unutilized.

The DCSO is enforced under Section 109 of the Petroleum Industry Act (PIA), mandating oil producers to supply crude to domestic refiners. Monthly consultations determine allocations, but actual transactions follow a "willing buyer, willing seller" principle.

Performance varied across the quarter, with April showing 114.9% compliance, May at 75.8%, and June at 102.4%.