Nigeria's Oil Producers Exceed Domestic Supply Targets in Q2 2026

Nigeria's oil producers have exceeded domestic supply targets for the second quarter of 2026. According to the Nigerian Upstream Petroleum Regulatory Commission, they delivered 53.7 million barrels of crude oil and condensate to local refineries, achieving 97.4% compliance with allocated volumes.

The commission attributed the improved performance to increased domestic oil production and long-term supply agreements between producers and refineries. Dangote refinery represented the largest share of domestic demand, requiring 63 million barrels during the quarter, but only accepting 52.6 million barrels, which is 78% of the offered volume.