Valentine Okafor
Dangote Petroleum refinery, and eight other domestic refineries are projected to process 770,500 barrels of oil equivalent per day (bbd) from January to June 2025.
Government is already working to upscale production capacity to ensure sustainable crude supply to the refineries and has projected to meet an output of over two million barrels per day.
The Organization of Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report, noted an 11 per cent rise in Nigeria’s oil production, including condensates, from 1.333 million barrels in October to 1.486 million in November 2024.
This translates to a daily increase of 152,000 barrels and a total monthly increase of approximately one million barrels during that period.
It is reported that Dangote Refinery will receive the largest share of domestic crude oil at 550,000 barrels per day, followed by the Warri Refinery with 75,000 barrels per day.
The Port Harcourt Refinery and Kaduna Refinery will receive 60,000 and 66,000 barrels per day, respectively.
All nine refineries will process 770,500 barrels of crude oil daily, translating to 23.8 million barrels per month.
Over a six-month period, this totals approximately 143 million barrels of crude oil for refining.
According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the projected crude oil requirement of 770,500 barrels per day (bpd) for refineries represents approximately 37 per cent of the forecasted average daily production of 2,066,940 bpd for the first half of 2025.
The NUPRC emphasized its commitment to leveraging the capacity of upstream operators to achieve a short-term production target of 2.5 million bpd.
This objective is supported by the Project One Million Barrels initiative, launched in October 2024, which has significantly enhanced Nigeria’s crude production capacity to meet both domestic demand and export requirements
