The total volume of crude oil and condensate supplied to local refiners in Nigeria increased significantly to 53.7 million barrel in the second quarter (April – June) of 2026, representing a 88.4 percent increase when compared to 28.5 million barrels recorded in previous quarter.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in its Q2 Domestic Crude Supply Obligation (DCSO) report released on monday, attributed the increase to 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.
The report indicated that at of 53.7 million barrels of crude oil and condensate, the an overall performance of 97.4 percent was achieved in the period. “The statistics shows that DCSO is being actively administered and enforced by the NUPRC.
“On a monthly basis, the Commission meets with stakeholders including crude oil producers and local licensed refineries after which the producers are allocated a specific volume of their crude oil and condensate which should be offered to local licensed refineries.
“However, in line with the PIA, the framework operates on a “willing buyer, willing seller” basis, which shapes eventual outcomes,” the commission stated.
