HomeEnergyNUPRC Records 97.4% DCSO Performance in Q2

NUPRC Records 97.4% DCSO Performance in Q2

ABUJA — The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recorded a 97.4 percent performance under the Domestic Crude Supply Obligation (DCSO) in the second quarter of 2026, with 53.7 million barrels of crude oil and condensate supplied to local refiners between April and June.

The figures were contained in the Commission’s Q2 2026 DCSO report. Source: Statement by Eniola Akinkuotu, Head, Media and Corporate Communications, NUPRC. The report said the DCSO is being administered and enforced in accordance with Section 109 of the Petroleum Industry Act (PIA) 2021.

Under the framework, the Commission holds monthly engagements with crude oil producers and local licensed refineries before allocating specific volumes of crude oil and condensate to producers for supply to domestic refiners.

The NUPRC said the framework operates on a “willing buyer, willing seller” basis, which shapes the eventual supply outcomes.

In April, the Commission allocated 18,127,638 barrels to producers. The producers offered 19,312,476 barrels to refiners, while 20,879,381 barrels were eventually supplied to local refiners, representing 114.9 percent of the allocated volume.

 

In May, 18,778,392 barrels were allocated to producers, who offered 23,187,893 barrels to local refiners. Actual supply stood at 14,228,865 barrels, representing 75.8 percent performance.

In June, producers were allocated 18,172,638 barrels and offered 26,835,119 barrels to refiners. Local refiners took 18,606,026 barrels, representing 102.4 percent performance.

The Commission said the improvement in DCSO performance coincided with an increase in local oil production and the signing of long-term crude supply agreements supported by bankable Sales and Purchase Agreements between producers and domestic refiners.

At the refinery level, the Dangote Refinery required 63 million barrels during the second quarter, while producers offered it 68.1 million barrels.

According to the NUPRC, the 68.1 million barrels offered to the Dangote Refinery represented 98 percent of all crude volumes offered during the quarter.

The refinery eventually accepted 52.6 million barrels, representing 78 percent of the volume offered to it.

The Commission reaffirmed its commitment to achieving the government’s objective of energy sufficiency and said it would continue to leverage the Petroleum Industry Act 2021 framework to sustain recent gains in crude oil production while enforcing the DCSO.

The NUPRC said the DCSO remains an active part of its regulatory framework for crude oil supply to local licensed refineries.

Akeem Adebayo
Akeem Adebayo
Akeem Olalekan Adebayo is an Editor at newsfocusng.com, covering Business, Energy, Foreign Affairs, and Defence, with a focus on clear, balanced analysis of issues shaping Nigeria and the global economy.
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