According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the volume of crude oil and condensate provided to domestic refineries reached 53.7 million barrels in the second quarter of 2026. This figure marks a significant 88.4% increase from the 28.5 million barrels recorded in the first quarter.
This growth, which aligns with the Domestic Crude Supply Obligation (DCSO) mandated by the Petroleum Industry Act, reached a 97.4% performance rate for the quarter. The regulator attributed this rise to higher national oil production and the implementation of long-term Sales and Purchase Agreements between producers and refinery operators.
The NUPRC oversees this process through monthly meetings to determine allocations, though actual market activity remains governed by the principle of willing buyer, willing seller. Monthly performance fluctuated, with April seeing 114.9% of the allocated target met, followed by 75.8% in May, and rebounding to 102.4% in June.
Specific data regarding the Dangote Refinery showed a demand for 63 million barrels in Q2. Producers offered 68.1 million barrels to the facility, of which the refinery accepted 52.6 million barrels. The NUPRC maintains that these figures demonstrate the successful administration of the DCSO and reaffirmed its focus on using the Petroleum Industry Act to promote energy self-sufficiency across Nigeria.
