The Nigeria Upstream Petroleum Regulatory Council (NUPRC) has mandated indigenous oil producers to supply around 483,000 barrels per day (bpd) of crude oil to local refineries for the first six months of 2024 according to new regulations in the Domestic Crude Supply Obligation (DCSO) guidelines released by the Commission.

This initiative is part of Nigeria’s efforts to ensure a stable supply for domestic refining.

Among the local refineries expected to commence operations in 2024 are the Dangote Oil Refinery and at least three government-run refineries.

As outlined in the recently published DCSO, the 650,000-barrel-per-day Dangote Refinery is set to receive the largest share, with a volume of 325,000 bpd.

Data from the NUPRC indicates that six refineries, collectively boasting a refining capacity of 864,500 barrels per day (bpd), are anticipated to become operational starting in 2024.

Consequently, oil producers will need to provide slightly more than half of the crude requirements to meet these refining capacities.

According to Reuters, Dangote oil refinery and at least three government-run refineries are among local refineries that are expected to begin operations in 2024.

The 650,000-barrel-per-day Dangote refinery will receive the biggest volume of 325,000 bpd, according to newly published DCSO.

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