Amid cries of crude shortage by local refineries in Nigeria, the country exported 82 per cent of its crude oil in the first quarter of 2025, The PUNCH report. According to a report published by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), only 18 per cent of the crude was made available to local refineries. Nigeria has the Dangote Petroleum …

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has alleged that some local refineries are importing substandard crude into Nigeria to cut costs. PETROAN National Publicity Secretary, Mr. Joseph Obele said on Thursday that the refineries have been importing crude oil with high sulphur content into Nigeria. Asked to mention some of the refineries, Obele declined, saying the …

Oil producers, under the aegis of the Independent Petroleum Producers Group, have warned against being forced to sell crude oil to the Dangote Refinery and other local ones in Nigeria. The IPPG also called on the Nigerian National Petroleum Company Limited to re-direct its allocated crude oil volumes to Dangote Refinery and other local refineries to mitigate the current crude …

Domestic refineries in the country, mainly the 650,000 barrels-per-day capacity Dangote Refinery, have raised their crude oil requirements from Nigeria’s oil-producing companies to 597,000 for the second half of this year, up from 483,000 barrels per day in the first half. This is according to a statement from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and reported by Reuters on …

Owners of local refineries in Nigeria, including the Dangote Petroleum Refinery, say they can help the country stop the importation of refined petroleum products in 18 months if the Federal Government works with their plans. The refiners, who spoke under the aegis of the Crude Oil Refiners Association of Nigeria (CORAN), said there are other refineries at different stages of …