Nigeria’s crude oil producers equipped native refineries with lower than half of the quantity allotted below the nation’s crude provide guidelines within the first quarter of 2026, as worth disputes proceed to hamper deliveries, in line with regulatory information.
- The Nigeria Upstream Petroleum Regulatory Fee introduced that below the home crude provide obligation, 61.9 million barrels of crude oil was allotted to home refineries throughout the quarter, whereas producers delivered 68.7 million barrels.
- Nonetheless, the precise provide was 28.5 million barrels, about 46% of the allotted quantity and about 41% of the delivered quantity.
- The figures spotlight persevering with challenges in Nigeria’s efforts to develop home refining and scale back dependence on imported fuels, regardless of reforms below the Petroleum Trade Act aimed toward enhancing the provision of home crude oil.
- Analysts say the shortfall highlights Dangote refinery’s considerations over unreliable home crude provides and worth discrepancies, curbing output at Africa’s largest refinery and undermining Nigeria’s efforts to recuperate extra worth from oil manufacturing.
- The regulator believed that the hole between quoted volumes and precise deliveries was primarily as a consequence of worth variations between crude oil producers and home refiners. Transactions proceed to be carried out on a “prepared purchaser, prepared vendor” foundation, the corporate mentioned.
