Amid cries of crude shortage by local refineries in Nigeria, the country exported 82 per cent of its crude oil in the first quarter of 2025, The PUNCH reports.
According to a report published by the Nigerian Upstream Petroleum Regulatory Commission, only 18 per cent of the crude was made available to local refineries.
Nigeria has the Dangote Petroleum Refinery, one of the largest refining complexes in the world, with 650,000 barrels-per-day nameplate capacity. The Federal Government owns the Port Harcourt, Warri, and Kaduna refineries, while some private players operate different modular refineries.
Aside from the state-owned facilities, Dangote and other modular refineries in the country have repeatedly complained of low crude supply, hindering their capacity to produce enough fuel for the country.
According to the report by the NUPRC, an average of 1.57 million barrels of crude oil was lifted in the first quarter of the year. Out of this, 1.29 million barrels per day were sold in foreign countries, while 280,000 bpd were allocated to local refineries.
