By Udeme Akpan, Energy Editor
Nigeria’s domestic refining is facing a prolonged crude supply paradox, with 53.7 million barrels of crude oil and condensate supplied to local refineries in the second quarter of 2026, even as refiners continue to face challenges securing feedstock on commercially viable terms.
The Crude Oil Refinery Owners Association of Nigeria (CORAN) said the improvement in physical deliveries was encouraging but stressed that supply allocations alone would not solve the problem.
“A refinery does not consume an allocation on paper. It consumes crude delivered under commercially sustainable terms,” CORAN said.
The association identified crude pricing, transportation, evacuation infrastructure, quality, financing and payment arrangements as major factors affecting access to domestic feedstock.
