Nigerian oil producers supplied nearly 80 per cent of the crude processed by domestic refineries between January and July 2026, while imported crude accounted for about 20 per cent, fresh industry data has shown.

Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that refineries received 116.88 million barrels of crude during the seven-month period.

Local producers supplied 92.83 million barrels

Of the total volume, Nigerian producers supplied 92.83 million barrels, representing 79.4 per cent of refinery feedstock.

Imported crude accounted for 24.05 million barrels, or 20.6 per cent, highlighting the continued use of foreign crude grades by some domestic refiners.

Imports rose again in July

Crude receipts varied considerably during the period, with March recording the highest total at 20.92 million barrels.

However, domestic supply became increasingly dominant after March, particularly in May and June, when local producers supplied more than 88 per cent of refinery feedstock.

By July, total crude receipts fell to 17.88 million barrels, while imported crude rose to 5.13 million barrels.

Dangote Refinery among major consumers

The figures come amid the expansion of Nigeria’s domestic refining capacity, with the 650,000-barrel-per-day Dangote Refinery continuing to source both local and foreign crude to meet operational requirements.

Meanwhile, global oil prices fell by 3.37 per cent to $88.80 per barrel amid renewed expectations of negotiations between the United States and Iran.

However, the development comes as Nigeria’s Bonny Light crude is expected to record about 319,516 barrels per day in October loading schedules.

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