• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Crude Oil Demand From Dangote Refinery, Others Rises To 597,700bpd — NUPRC

by Leadership News
10 months ago
in News
NUPRC
Share on WhatsAppShare on FacebookShare on XTelegram

Domestic refineries in the country, majorly the 650,000 barrels per day capacity Dangote Refinery, have raised their crude oil requirements from Nigeria’s oil producing companies to 597,000 for the second half of 2024.

Advertisement

This is according to a statement from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and reported by Reuters on Monday.

According to the report, Nigeria’s refineries have increased their domestic crude requirements for the second half of 2024 to 597,700 barrels per day, up from 483,000 barrels per day in the first half.

NUPRC also confirmed that the oil companies were only able to provide 177,777 bpd to the refineries in the first six months of the year, way below the requirements of the refineries.

The increasing crude requirements of local refineries, coupled with the challenges oil producers face in meeting demand, have created tensions between the 650,000-bpd Dangote Refinery and the regulator.

RELATED

Easter: Federal Gov’t Declares April 18, 21 Public Holidays

Democracy Day: Federal Gov’t Declares June 12 Holiday

42 minutes ago
NDLEA Intercepts Illicit Drug Packaged As Green Tea At Lagos Airport

NDLEA Intercepts Illicit Drug Packaged As Green Tea At Lagos Airport

43 minutes ago

According to NURPC, eight refineries are expected to commence operations in August, with a combined refining capacity of 864,500 barrels per day (bpd).

This would require oil producers to supply more than half of that amount.

A total of 52 oil producers, including major players such as TotalEnergies, Chevron, Shell, and ExxonMobil, are expected to supply the necessary crude, primarily through their joint venture operations with the Nigerian National Petroleum Corporation (NNPC) Limited.

Recall that the Dangote Refinery has earlier accused the NUPRC of failing to enforce the Petroleum Industry Act (PIA) in relation to the domestic crude supply obligations of oil producing companies to local refineries.

In a statement released on Friday, the spokesperson of Dangote Group, Anthony Chiejina, stated that NUPRC has only facilitated the sale of a single cargo between the refinery and crude oil producers.

Chiejina further noted that the regulatory body cited the “sanctity of a contract” as the reason for its inability to enforce its own Act.

“Aside from the term supply we bilaterally negotiated with NNPC, so far NUPRC has only facilitated the purchase of one crude cargo from a domestic producer. The rest of the cargoes we have processed were purchased from international traders.

“All we are asking for is for refineries in Nigeria to buy crude directly from the companies that produce it in Nigeria rather than from international middlemen.

“Unfortunately, the NUPRC has effectively admitted in their statement, that they will be unable to enforce the domestic crude supply obligation as specified in the PIA citing “sanctity of contracts” as an excuse,” the statement read.

However, as Nigerians and marketers anticipate the rollout of Premium Motor Spirit (PMS) from the Dangote Refinery and other refineries across the country, questions about meeting local crude oil demand persist.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: Nigerian Upstream Petroleum Regulatory Commission (NUPRC)NUPRC
SendShareTweetShare
Previous Post

JUST-IN: Tension As School Principal, 7 Others Killed In Taraba

Next Post

Owolabi Salis Extols Iwuanyanwu, Renews Calls For Kanu’s Release

Leadership News

Leadership News

You May Like

Easter: Federal Gov’t Declares April 18, 21 Public Holidays
News

Democracy Day: Federal Gov’t Declares June 12 Holiday

2025/06/08
NDLEA Intercepts Illicit Drug Packaged As Green Tea At Lagos Airport
News

NDLEA Intercepts Illicit Drug Packaged As Green Tea At Lagos Airport

2025/06/08
68-yr-old Man Searching For Phone Rescued Inside Well In Oyo
News

68-yr-old Man Searching For Phone Rescued Inside Well In Oyo

2025/06/08
Isese Day: Sanwo-Olu Declares Tuesday Public Holiday
News

Sanwo-Olu Urges Capacity Building For Robust Procurement System

2025/06/08
Senate Rejects NEITI’s N960m Personnel Cost
News

MRA Faults NEITI’s Move To Amend FoI Act

2025/06/08
At LEADERSHIP Twitter Spaces, CSOs Ask Federal Govt To Implement Uwais Report
News

Agbakoba, Adegboruwa, Others Pay Tribute To Justice Uwais

2025/06/08
Leadership Conference advertisement

LATEST

Democracy Day: Federal Gov’t Declares June 12 Holiday

NDLEA Intercepts Illicit Drug Packaged As Green Tea At Lagos Airport

68-yr-old Man Searching For Phone Rescued Inside Well In Oyo

Sanwo-Olu Urges Capacity Building For Robust Procurement System

MRA Faults NEITI’s Move To Amend FoI Act

Agbakoba, Adegboruwa, Others Pay Tribute To Justice Uwais

2027: Lagos Group Pushes For Tinubu, Ambode Mandate

Youth Group Condemns Afenifere Faction’s Call For Tinubu’s Impeachment

VC Harps On Strategic Research To Achieve SDGs

The Bold Victory Of The Justified Believer In Christ

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.