NUPRC: Dangote Refinery Accepted 78% of 68m Barrels of Crude Offered by Oil Producers in Q2

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says oil producers offered 68.1 million barrels of crude to Dangote refinery in the second quarter (Q2) of 2026, but the company accepted only 52.6 million barrels during the period.

The commission announced in a statement on its Q2 2026 statistics on the enforcement of the domestic crude supply obligation (DCSO), in accordance with section 109 of the Petroleum Industry Act (PIA).

According to NUPRC, the Dangote refinery accepted 78 percent of the crude volume offered by producers.

The commission added that the refinery required 63 million barrels in Q2.

“At the level of refinery participation, the statistics show that the Dangote Refinery required 63 million barrels in Q2 but the producers offered higher volumes of 68.1 million barrels,” NUPRC said.

The 68.1 million barrels offered to the Dangote refinery by producers, the commission said, represents 98 percent of all offered volumes to domestic refineries.

“Eventually, 52.6 million barrels were accepted by the Dangote refinery. This implies that the refinery only accepted 78% of what it was offered,” NUPRC added.

Dangote refinery, on July 14, announced that it would start selling petroleum products to marketers in dollars, as the refinery was selling petroleum products in excess of its naira-crude allocations, making it unsustainable to continue selling petrol in naira.

However, on July 13, the refinery resumed the sale of petrol in naira.

NUPRC: 53.7M BARRELS OF CRUDE, CONDENSATE SUPPLIED TO LOCAL REFINERIES IN Q2

According to the commission, a total of 53.7 million barrels of crude oil and condensate were supplied to local refiners between April and June, representing an overall performance of 97.4 percent in Q2 2026.

NUPRC added that the statistics indicate that the DCSO is being actively administered and enforced. 

On a monthly basis, the commission said it meets with “stakeholders including crude oil producers and local licensed refineries after which the producers are allocated a specific volume of their crude oil and condensate which should be offered to local licensed refineries”.

However, in line with the PIA, NUPRC said the framework operates on a “willing buyer, willing seller” basis, which determines the eventual outcomes.

“In the month of April, following consultations with stakeholders, 18,127,638 barrels were allocated to producers. However, the producers exceeded expectation, offering 19,312,476 barrels to refiners,” the commission said.

“Eventually, 20,879,381 barrels were supplied to local refiners, meaning the producers met 114.9% of their allocation.

“In May, the Commission, in enforcing its DCSO, allocated 18,778, 392 barrels of crude oil to the producers but the producers exceeding their expectation once again, offered 23,187,893 barrels to the local refiners.”

However, NUPRC said that the producers’ actual supply to refiners by the end of the month stood at 14,228,865 barrels, representing 75.8 percent compliance.

“In the month of June, the Commission allocated 18, 172,638 barrels to the producers. The producers offered 26, 835, 119 barrels to refiners which in turn took 18, 606, 026 barrels representing a 102.4% performance,” the statement reads.

“The Commission observed that the improvement in DCSO coincided with an increase in local oil production and the signing of the long term crude supply agreement supported by bankable Sales and Purchase agreement between the Producers and Domestic refiners.”

The commission reaffirmed its commitment to achieving the government’s objective of energy sufficiency.

Leveraging the framework of the PIA 2021, NUPRC said it aims to sustain recent gains in crude oil production while continuously enforcing the DCSO.