Crude oil producers surpass Dangote’s request by 5.1mb in Q2 2026

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said crude oil producers surpassed Dangote Petroleum Refinery by 5.1 million barrels (mb) in the second quarter of this year (Q2 2026).

The request followed the Domestic Crude Supply Obligation (DCSO) in accordance with the provisions of Section 109 of the Petroleum Industry Act.

In the period under review, whereas the refinery sought 63mb, the crude oil producers offered 68.1mb and accepted 52.6mb. This is an indication that the refinery rejected 5.5mb in the period under review.

The NUPRC’s Q2 2026 statistics on the enforcement of the DCSO, which quoted the figures, stated that the refinery accepted 52.6mb of the offered feedstock.

A statement yesterday in Abuja by NUPRC’s Head of Media and Corporate Communications, Mr. Eniola Akinkuotu, said: ‘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.

‘The 68.1 million barrels offered to the Dangote Refinery by producers represents 98 per cent of all offered volumes.

‘Eventually, 52.6 million barrels were accepted by Dangote Refinery. This implies that the refinery only accepted 78 per cent of what it was offered.’

According to the statement, a total of 53.7 million barrels of crude oil and condensate was supplied to local refiners between April and June, showing an overall performance of 97.4 per cent for Q2 2026.

The statistics show that DCSO was being actively administered and enforced by the NUPRC.

Every month, the commission 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.

But in line with the PIA, the framework operates on a ‘willing buyer, willing seller’ basis, which shapes eventual outcomes.

In April, following consultations with stakeholders, 18,127,638 barrels were allocated to producers. However, the producers exceeded expectations, offering 19,312,476 barrels to refiners. Eventually, 20,879,381 barrels were supplied to local refiners, meaning the producers met 114.9 per cent 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.

But the producers’ actual supply to the refiners by the end of the month stood at 14,228,865 barrels, representing 75.8 per cent compliance.

In 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 per cent performance.

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 a 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, the commission said it aimed to sustain recent gains in crude oil production while continuously enforcing the DCSO.

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