Dangote Petroleum Refinery don take 98 percent of all crude wey dem offer to Nigeria domestic refineries for second quarter of 2026. Dis one na according to NUPRC data wey show say crude delivery to local refineries jump to 53.7 million barrels.
For di quarter wey end for June, producers offer 69.3 million barrels of crude and condensate. Out of dis, 68.1 million na for Dangote. Di refinery wey need 63 million barrels, accept 52.6 million, wey be 78 percent of wetin dem offer am.
NUPRC tok say di 68.1 million barrels wey dem offer Dangote represent 98 percent of all crude volumes wey dem offer to domestic refiners. Di commission explain say di statistics show say Dangote require 63 million barrels for Q2, but producers offer higher volume. Eventually, Dangote accept 52.6 million barrels, wey be 78 per cent of wetin dem offer am.
Di total deliveries to local refineries rise by 88.4 percent from 28.5 million barrels for first quarter to 53.7 million for second quarter. Dis increase come even though producers almost offer di same volume for both quarters — 69.3 million compared to 68.7 million for Q1.
NUPRC talk say di Q2 performance reflect increase for crude production and commercial arrangements between producers and refiners, including long-term crude supply agreements wey bankable sales and purchase agreements back am.
Di data also show di role of “willing buyer, willing seller” principle for di DCSO framework. Under dis arrangement, NUPRC dey allocate crude volumes to producers for domestic refineries, but di allocation no dey guarantee say transaction go complete. For Q1, producers offer 68.7 million barrels but local refineries only receive 28.5 million.
Di Q2 figures suggest say di problem wey domestic refiners face no be only di volume wey producers suppose offer, but whether di parties fit agree on commercial terms wey go lead to actual supply. For Dangote, di figures show say e be di main participant for di DCSO market. E accept 52.6 million barrels, wey be about 98 percent of di 53.7 million barrels wey dem supply local refineries for di quarter.
However, Dangote don question NUPRC account of di crude wey dem offer but e no accept. Dangote ask di commission to provide statistics wey support im position. Dis dispute put focus on how DCSO volumes dey measured, from regulatory allocation to producer offers, refinery acceptance and physical delivery.
Di Q2 data therefore show say Nigeria domestic crude policy dey move beyond allocation targets towards di commercial arrangements wey dem need to turn those allocations into refinery feedstock. Dis development come as international crude prices rise for uncertainty over di reopening of Strait of Hormuz. Brent crude rise 3.3 percent to $84.64 per barrel, while West Texas Intermediate gain 3.1 percent to $80.63, after both benchmarks fall about seven percent for di previous week on hopes say agreement fit reopen di waterway.
For Nigerian refiners, higher international crude prices fit increase di value of securing domestic barrels, while di DCSO figures put greater focus on di commercial terms wey dey govern access to those barrels.
