Local Refineries to utilise 123m barrels of Nigeria’s crude in H1 2025
The nine functional local refineries in Nigeria are expected to utilise up to 123.48 million barrels of crude oil in the first six months of 2025.
The refineries include Dangote, Port Harcourt, Warri and six other refining facilities across Nigeria.
The figure represents about 37 per cent of the country’s total projected crude oil production in the first half of the year.
Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) indicated that 123.48 million barrels will be distributed among the active nine refineries during the period.
The commission indicated that the total volume of crude oil required by the local refineries was submitted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Out of the 123.48 million barrels, Dangote is projected to consume 99.5 million barrels in the first half, followed by Warri with 13.57 million barrels, and upcoming Kaduna refinery, 3.9 million barrels, of the total in-country crude oil volume.
These are followed by the Old Port Harcourt refinery, which will require 2.86 million barrels, and Aradel refinery in Rivers state, 1.26 million barrels.
Others are OPAC refinery in Delta state, 900,000 barrels; Waltersmith, 814,500 barrels; Duport Midstream, 360,000 barrels; and Edo refinery and Petrochemicals, 186,000 barrels.
According to the NUPRC data, 56 oil companies operating in Nigeria’s upstream petroleum sector, led by Shell, Seplat and NNPC Exploration and Production Limited (NEPL) are expected to drill the highest volume of oil to keep the refineries running from January to June 2025.
The document signed by the Chief Executive of the NUPRC, Gbenga Komolafe, stated that the commission aims to effectively utilise the nation’s refining capacity.