Nigeria’s home refineries obtained greater than 127 million barrels of Nigerian crude oil and condensate between January and September 2026 because the Federal Government intensifies efforts to strengthen local refining and cut back dependence on imported petroleum merchandise.
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, disclosed this on the twentieth anniversary version of OTL Africa Downstream Energy Week in Lagos on Monday.
NUPRC can be consulting producers, refiners and different stakeholders on a home crude swap framework.
“Under it, a refiner could receive crude from the nearest suitable production or export point instead of moving an allocated grade over long distances, which could take an estimated three to four dollars off the cost of every barrel,” he added.
On manufacturing, Eyesan stated Nigeria recorded a mean of 1.717 million barrels per day of crude oil and condensate in September, a 2.34 per cent improve over August. Crude oil manufacturing alone averaged 1.53 million barrels per day, marking the fifth consecutive month the business met or exceeded its quota.
She attributed the development to higher asset integrity, enhanced safety of evacuation infrastructure, stronger collaboration with operators and sustained regulatory efforts to restore shut-in manufacturing.
On the 2026 Licensing Round, she stated the 40 blocks on provide could be subjected to a clear analysis course of, with revealed standards and necessary disclosure of useful possession.
The NUPRC boss added that the Commission was imposing the drill-or-drop precept to discourage speculative holding of licences, noting that 22 current awardees had been anticipated to contribute a minimum of 250,000 barrels per day inside 5 years.
She reaffirmed the Commission’s dedication to assembly the Domestic Gas Delivery Obligation and dealing with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to align refinery demand with crude provide planning, guaranteeing that upstream features translate into tangible advantages for households, industries and energy technology.
Meanwhile, the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Rabiu Abdullahi Umar, stated regionally refined petrol now accounted for 3 out of each 4 litres consumed in Nigeria.
He described the event as a serious shift for a rustic that had traditionally depended closely on imported petroleum merchandise.
However, Umar disclosed that petrol consumption exceeded provide in September, with each day consumption estimated at 44.4 million litres towards provide of 38.7 million litres. The shortfall was lined from present shares.
To guard towards future disruptions, he stated the Authority was concentrating on enough petroleum product shares to cowl between 30 and 45 days of nationwide demand.
Umar additionally acknowledged that Nigeria lacked dependable knowledge on precise gas consumption, regardless of a long time of petroleum market operations.
“No consumption data yet. We are working on this because up till now no data to show that this fuel station supplied this volume, that supplied that volume,” he stated.
He defined that the NMDPRA was working with an data know-how agency to develop a system able to monitoring distribution and establishing extra dependable consumption figures.
As a part of efforts to enhance transparency, the Authority was reviewing inner licences and had signed a memorandum of understanding with the Federal Competition and Consumer Protection Commission.
Umar additionally disclosed that seven petroleum product testing laboratories had been launched in Port Harcourt, with two further services anticipated earlier than the tip of the 12 months, bringing the entire to 9.
He stated the Authority had additionally launched the second revision of the Gas Transportation Network Code to strengthen the framework governing gasoline transportation infrastructure.
Speaking on the occasion, President Bola Tinubu stated Nigeria’s vitality sources may drive prosperity throughout Africa, reaffirming his administration’s ambition to help the emergence of a regional vitality hub.
The president whose message was delivered by the Permanent Secretary, Ministry of Petroleum Resources, Mrs. Patience Oyekunle, emphasised the necessity for regional cooperation and an investment-driven, environmentally accountable vitality sector.
Lagos State Governor Babajide Sanwo-Olu stated vitality safety was basic to financial safety, warning that top and unreliable vitality prices affected transport fares, manufacturing, meals distribution and small companies.
He cited the expansion of home refining as proof of adjusting provide dynamics, noting that the Dangote Refinery produced about 42 million litres of petrol each day in August, whereas petrol imports fell by 26 per cent to roughly 14.6 million litres per day.
Sanwo-Olu stated Lagos was additionally lowering transport gas demand by way of investments in rail companies and cleaner vitality.
He disclosed that 152 First and Last Mile buses had been transformed to compressed pure gasoline (CNG), reducing gas prices by practically half, whereas 2,000 CNG-powered vehicles had been launched underneath haulage reforms.
He urged business stakeholders to prioritise expanded storage and distribution infrastructure, financing for downstream and gasoline tasks, and measures to be sure that the features from home refining translated into steady and reasonably priced costs for shoppers.
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