Nigeria: Only 28.5m of 61.9m Crude Oil Barrels Reached Local Refineries in Q1
Pricing disputes kept deliveries below allocations as only 28.5 million of 61.9 million barrels reached local refineries, the commission said.
- Nigeria's refineries received only 28.5 million barrels of crude oil in the first quarter of 2026, despite producers offering 68.7 million barrels and the Nigerian Upstream Petroleum Regulatory Commission allocating 61.9 million barrels.
- On Tuesday, the Nigerian Upstream Petroleum Regulatory Commission issued a statement regarding enforcement of the Domestic Crude Supply Obligation under the Petroleum Industry Act, 2021, highlighting the persistent gap between allocations and actual supply.
- Monthly figures show a supply conversion rate of 36–46 per cent as actual deliveries lagged significantly, with refiners lifting just 28.5 million barrels of the total volume allocated during the first quarter.
- Pricing disputes between producers and refiners drive the shortfall, as the current framework operates on a "willing buyer, willing seller" basis, meaning successful commercial negotiations determine final delivery levels.
- Despite these challenges, the NUPRC reaffirmed its commitment to achieving energy sufficiency by refining the Domestic Crude Supply Obligation methodology to improve transparency and efficiency for local refineries.
11 Articles
11 Articles
Nigeria: Only 28.5m of 61.9m Crude Oil Barrels Reached Local Refineries in Q1
Although crude oil producers offered more volumes than allocated under Nigeria's Domestic Crude Supply Obligation in the first quarter of 2026, only 28.5 million barrels were eventually delivered to local refineries, amid persistent supply challenges linked largely to pricing disputes.
Only 28.5m of 61.9m crude oil barrels reached local refineries in Q1
Although crude oil producers offered more volumes than allocated under Nigeria’s Domestic Crude Supply Obligation in the first quarter of 2026, only 28.5 million barrels were eventually delivered to local refineries, amid persistent supply challenges linked largely to pricing disputes. The post Only 28.5m of 61.9m crude oil barrels reached local refineries in Q1 — NUPRC appeared first on Premium Times Nigeria.
JUST IN: Local refiners lift 28.5m barrels of 68.7m offered in Q1
New NUPRC data reveals Nigerian refineries’ crude intake was only 28.5m barrels in Q1 2026, far below the 68.7m barrels offered by producers. Read More: https://punchng.com/just-in-local-refiners-lift-28-5m-barrels-of-68-7m-offered-in-q1-nuprc/
Nigeria Crude Supply Falls to 46% of Allocation on Pricing Disputes - fuel-prices
https://naija247news.com/feed/ ASO ROCK, F.C.T Abuja, Nigeria, May 5, 2026 (Naija247news) – Nigeria’s efforts to deepen domestic refining suffered another setback in the first quarter of 2026, as crude oil deliveries to local refineries fell to less than half of allocated volumes, highlighting persistent pricing tensions between producers and refiners. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that 61.9 milli…
Domestic Refineries Got 28.5 Million Barrels of Crude in Q1 Despite 61.9 Million-Barrel Allocation
Domestic refineries in Nigeria received 28.5 million barrels of crude oil in the first quarter of 2026, despite being allocated 61.9 million barrels under the Domestic Crude Supply Obligation. The figures were released by the Nigerian Upstream Petroleum Regulatory Commission, which said crude producers were collectively offered an even higher volume of 68.7 million barrels … The post Domestic Refineries Got 28.5 Million Barrels of Crude in Q1 De…
Nigerian Producers Supply Only 41% Of Offered Crude Oil To Domestic Refineries In Q1
Nigerian crude oil producers supplied only 41 percent of the crude volumes offered to domestic refineries in the first quarter (Q1) of 2026 despite the country’s push to strengthen local refining capacity and reduce dependence on imported petroleum products. Data released by the Nigerian Upstream Petroleum Regulatory Commission showed that 68.7 million barrels of crude […] The post Nigerian Producers Supply Only 41% of Offered Crude Oil to Domes…
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