Crude Oil Supply to Local Refineries Skyrockets by 88.4% in Q2

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that crude oil and condensate supply to local refineries increased by 88.4% in Q2 2026, reaching 53.7 million barrels.

This represented a 97.4% performance during the quarter, according to the commission's statistics on the enforcement of the Domestic Crude Supply Obligation (DCSO).

The DCSO is enforced by NUPRC pursuant to Section 109 of the Petroleum Industry Act, which requires the supply of crude oil produced in Nigeria to domestic refineries.

According to the commission, the increase in crude supply coincided with higher domestic oil production and the execution of long-term crude supply agreements supported by bankable Sales and Purchase Agreements (SPAs) between producers and domestic refiners.