Oil Companies Offered 68.1m Barrels Of Crude To Dangote Refinery In Q2 – NUPRC

Oil companies offered 68.1 million barrels of crude and condensate to the Dangote Refinery in the second quarter of 2026, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Monday — a contribution that helped the agency record a 97.4 per cent compliance rate for the Domestic Crude Supply Obligation (DCSO) after producers supplied a total 53.7 million barrels to local refineries between April and June.

The Commission said the Q2 outcome demonstrates active enforcement of the DCSO under Section 109 of the Petroleum Industry Act (PIA), 2021 and reflects increasing alignment between producers and domestic refiners. NUPRC noted that monthly stakeholder consultations — where producers are assigned specific allocation volumes to offer to licensed local refineries — remain central to the framework, which operates on a “willing buyer, willing seller” basis.

The Dangote Refinery was the largest single participant in Q2. NUPRC’s data show the refinery required roughly 63 million barrels in the quarter and was offered about 68.1 million barrels by producers — equal to 98 per cent of all volumes offered to domestic refineries. Dangote ultimately accepted 52.6 million barrels, or about 78 per cent of the volumes offered to it.

Monthly breakdowns showed uneven performance across the quarter. In April, NUPRC allocated 18,127,638 barrels to producers; they offered 19,312,476 barrels, and refiners took 20,879,381 barrels, yielding a delivery rate of 114.9 per cent against the allocation. May recorded the quarter’s weakest month: although producers were allocated 18,778,392 barrels and offered 23,187,893 barrels, actual deliveries to refineries fell to 14,228,865 barrels, a 75.8 per cent compliance rate.

In June, allocation was 18,172,638 barrels; producers offered 26,835,119 barrels and refiners received 18,606,026 barrels, a 102.4 per cent performance.

NUPRC attributed the improved quarterly outcome to a rise in local crude production and the signing of long‑term crude supply agreements backed by bankable Sales and Purchase Agreements (SPAs) between producers and domestic refineries. The Commission said these commercial arrangements have reduced transactional frictions and improved predictability of supply, enabling refiners to plan offtake more reliably.

The Dangote Refinery was the largest single participant in Q2. NUPRC data show the refinery required about 63 million barrels in the quarter and was offered roughly 68.1 million barrels by producers — equal to 98 per cent of all volumes offered to domestic refineries. Dangote ultimately accepted 52.6 million barrels, representing 78 per cent of the volumes offered to it, a gap NUPRC said underscores the need for continued coordination on commercial terms and logistics.

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 bankable Sales and Purchase agreement between the Producers and Domestic refiners.

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 the Dangote refinery. This implies that the refinery only accepted 78% of what it was offered.

The Commission reiterated its commitment to achieving the federal government’s objective of energy sufficiency and said it will continue to enforce the DCSO while leveraging the PIA to sustain recent gains in production.