The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to supply 123.48 million barrels of crude oil to local refineries, including Dangote Refinery, Warri Refinery, and others, between January and June 2025. This initiative is part of Nigeria’s broader effort to strengthen its domestic refining capacity and meet the increasing crude oil requirements of local refineries.
According to the NUPRC, the total crude requirement for the nine active refineries is estimated at 770,500 barrels per day, with a monthly need of 23.81 million barrels. The forecast comes as part of the Domestic Crude Oil Requirement and Crude Oil Production Forecast for the first half of 2025.
The Dangote Refinery, the largest single refinery in Africa, will receive the lion’s share of the allocation, with an estimated 99.55 million barrels of crude oil, amounting to a daily requirement of 550,000 barrels. Other refineries, such as Warri Refinery, will require a total of 13.59 million barrels in the same period, with a daily need of 75,000 barrels.
In line with the Petroleum Industry Act (PIA) of 2021, the NUPRC’s initiative aims to enhance the effective utilization of Nigeria’s domestic refineries by ensuring a consistent and reliable crude oil supply. The NUPRC also emphasized the importance of utilizing the “willing buyer, willing seller” model to ensure the sustainability of the country’s oil industry.
The NUPRC’s forecast highlights the pivotal role of the domestic refining sector in achieving self-sufficiency and reducing reliance on imported petroleum products. With the Nigerian government targeting a production capacity of over two million barrels per day in the first half of 2025, the initiative is poised to support Nigeria’s long-term goal of bolstering its refining capacity and ensuring a more self-reliant petroleum sector.
Additionally, the NUPRC is working closely with upstream operators to meet the target production of 2.5 million barrels per day in the short term, further cementing Nigeria’s commitment to enhancing its oil industry’s sustainability.
This collaboration between local refineries and producing companies is expected to increase synergy and help create a robust and self-reliant petroleum landscape for the country in the years to come.
