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Home Economy

FG Supplies 67.6m Barrels of Crude to Local Refiners, Falls Short of Demand

Victoria Emeto by Victoria Emeto
September 22, 2025
in Economy
0
Nigeria Records N12.96tn Crude Exports in Q1 2025 Despite Refinery Feedstock Challenges

The Federal Government has disclosed that 67,657,559 barrels of crude oil were supplied to local refineries for processing between January and August 2025.

The figure, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), underscores the persisting challenge of bridging the crude allocation gap, despite Nigeria’s rising production levels.

Speaking in Abuja on Sunday, the Head of Media and Strategic Communications at NUPRC, Eniola Akinkuotu, said the allocations were made in line with the Petroleum Industry Act 2021 and the Domestic Crude Supply Obligation policy.

According to him, the barrels were delivered to both modular and state-owned refining facilities, including Waltersmith, Aradel Energy, and refineries operated under the Nigerian National Petroleum Company Limited (NNPCL).

“A total of 67,657,559 barrels were delivered to local refiners between January and August this year. All refiners got that amount within the eight-month period,” Akinkuotu stated.

However, the supply fell well short of refiners’ demand. Local processors had requested 123,480,500 barrels for the first half of 2025, meaning they received 55,822,941 barrels less—about 45 per cent below target—to meet their refining requirements.

The shortfall, industry experts warn, could affect Nigeria’s ability to reduce its dependence on imported petroleum products and undermine ongoing efforts to boost domestic refining capacity.

Tags: #CrudeSupply#NigeriaOil#NUPRC#RefiningCapacity
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