What percentage of allocated crude oil did Nigerian producers actually supply to domestic refineries in Q1 2026?

Nigerian crude oil producers supplied 28.5 million barrels of crude to domestic refineries in the first quarter of 2026, which is equivalent to about 46% of the 61.9 million barrels allocated under the Domestic Crude Supply Obligation.

What was identified as the main reason for the gap between offered and actual crude supply to refineries in early 2026?

The Nigerian Upstream Petroleum Regulatory Commission attributed the gap between offered volumes (68.7 million barrels) and actual deliveries (28.5 million barrels) mainly to pricing differences between crude producers and domestic refiners, noting that transactions continue to operate on a 'willing buyer, willing seller' basis.

Nigeria supplies less than half of allocated crude to refineries in early 2026

May 5, 2026

Nigerian crude producers supplied only 46% of allocated volumes to domestic refineries in Q1 2026 amid pricing disputes. This shortfall hampers local refining efforts and constrains output at major facilities like Dangote.

reuters

2026-05-05

Nigeria supplies less than half of allocated crude to refineries in early 2026

Nigeria supplies less than half of allocated crude to refineries in early 2026

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