₦airaland Forum

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that Port Harcourt Refinery, Dangote Refinery, Warri Refinery and other functional refineries will receive 123,480,500 barrels of crude oil between January to June 2025 which is the total crude requirement of refiners during the period.

The regulator estimated daily crude oil requirements for local refiners at 770,500 barrels per day and a monthly requirement of 23,812,000 barrels per day.

The NUPRC said this in the Domestic Crude Oil Requirement and Crude Oil Production Forecast for First Half 2025.

To meet the requirement, the NUPRC said it targets crude oil output to hit over two million barrels per day.

The production target is hinged on Project 1 million Barrels which was launched in October 2024.

The NUPRC is empowered by the PIA to ensure domestic crude supply to local refineries based on the ‘willing buyer, willing seller’ model.

The regulator said the move is pursuant to Section 109 of the Petroleum Industry Act (PIA), 2021 and it is aimed at effective capacity utilisation of the nation’s domestic refineries by ensuring a consistent supply of crude oil.

The NUPRC said, “The forecasted daily crude requirement for Refineries which is Seven Hundred and Seventy Thousand, Five Hundred barrels (770,500 Bopd), is about 37 per cent of the forecasted first half 2025 average daily production of Two Million, Sixty-Six Thousand, Nine Hundred and Forty Barrels (2,066,940 Bopd).”

The forecast is for nine active refineries, according to the NUPRC.

A breakdown showed that the Dangote Refinery and Petrochemicals (FZE) requires 99,550,000 barrels from January to June 2025. The refinery’s daily requirement is 550,000mbpd while the monthly requirement is 17.05 million barrels.

The Warri Refinery has the second highest requirement estimated at 13,5875,000 barrels in the first half while the daily and monthly requirement are 75,000bpd and 2.325 million barrels respectively.

The Kaduna Refinery and Petrochemical Company Ltd have an estimated requirement of 3,960,000 barrels. The refinery’s daily requirement is 66,000bpd and 1,980,000 barrels.

Port Harcourt Refinery Company Ltd (Old) has a daily requirement of 60,000 barrels per day, monthly requirement of 1,860,000 barrels and a half year requirement of 2,868,000 barrels.

Port Harcourt-based Aradel Refinery is estimated to consume 1,267,000 barrels in the first half of 2025 while the daily need of refinery is 11,000bpd and 215,000 barrels monthly.

OPAC Refineries in Delta State has a crude requirement of 5,000bpd, 150,000 barrels per month and 900,000 barrels in the first half.

Imo State-based Waltersmith Refinery and Petrochemical Company Ltd has a half year requirement of 814,500 barrels; a monthly and daily requirement 139,000 barrels and 4,500 barrels per day.

Edo State-based Dupot Midstream Company Ltd has a half year, monthly and daily requirement of 360,000 barrels, 62,000 barrels and 2000bpd respectively.

Edo Refinery and Petrochemical Company Ltd has a half year requirement of 186,000 barrels, a monthly requirement of 31,000 barrels and a daily requirement of 1,000bpd.

NUPRC said, “It is leveraging the capacity of upstream operators to meet the target daily production of Two Million, Five Hundred Thousand Barrels (2,500,000 Bopd) in the short term.

“This strategic initiative aligns with Nigeria’s commitment to bolstering its domestic refining capacity and ensuring the sustainability of its oil industry.

“The first half of 2025 is expected to witness increased synergy between local refineries and producing companies, setting the stage for a more robust and self-reliant petroleum landscape in Nigeria.”

unbiasedTruth:
Tell Tinubu's propaganda outlet, Thisday, that fuel is still N1k.

zero8zero:
That's your own luck. I bought fuel 925. Tinubu will not go to filling station to monitor their pumps, it is greedy nigerians like you taking advantage of each other.

unbiasedTruth:
Oh! N925 is far better than the N186 Tinubu met it!
Hurray!

zero8zero:
No more subsidy, better wake up to reality.

unbiasedTruth:
...but more hardship
Agbado logic 👍🏽

zero8zero:
Better future. Don't let your belly control your tomorrow.

unbiasedTruth:
By this logic, care to explain why you protested at Ojota?

zero8zero:
https://www.thisdaylive.com/index.php/2025/01/02/dangote-warri-pharcourt-refineries-others-to-gulp-123m-barrels-of-total-in-country-oil-production-in-h1/

zero8zero:
That's your own luck. I bought fuel 925. NNPC 935. Tinubu will not go to filling station to monitor their pumps, it is greedy nigerians like you taking advantage of each other.

unbiasedTruth:
By this logic, care to explain why you protested at Ojota?

EmperorCaesar:


It finally feels like we are in a 'country that works'


PBAT all the way

greatiyk4u:
Where did you put the fuel?
Now you are blaming greedy Nigerians not the man on his mandate you are standing

You will soon get exhausted just like many others before you

zero8zero:
https://www.thisdaylive.com/index.php/2025/01/02/dangote-warri-pharcourt-refineries-others-to-gulp-123m-barrels-of-total-in-country-oil-production-in-h1/

unbiasedTruth:
Tell Tinubu's propaganda outlet, Thisday, that fuel is still N1k.

unbiasedTruth:
Tell Tinubu's propaganda outlet, Thisday, that fuel is still N1k.

zero8zero:
No more subsidy, better wake up to reality.

unbiasedTruth:
...but more hardship
Agbado logic 👍🏽