The Crude Oil Refinery Owners Association of Nigeria says its members did not lift crude oil allocated to refiners under the Domestic Crude Supply Obligation administered by the Nigerian Upstream Petroleum Regulatory Commission in the second quarter of 2026, citing “unrealistic commercial terms” and high costs arising from international crude pricing benchmarks.
According to NUPRC data, 68.1 million barrels were offered to the Dangote Petroleum Refinery, representing 98 per cent of all crude volumes offered to domestic refiners during the period.
The refinery accepted 52.6 million barrels, representing 78 per cent of the volume offered to it. The commission did not reveal that any other refinery received crude in the second quarter of the year.
Speaking with our correspondent, CORAN spokesman, Eche Idoko, confirmed that modular refineries did not receive crude under the arrangement within the period under review.
He said the use of international pricing indices such as Platts, Brent and West Texas Intermediate made crude too expensive for modular refineries, while also creating what he described as double charges on logistics.
