The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this on Monday in her speech at the OTL Africa Downstream Energy Week 2026 in Lagos on Monday, October 26, 2026.
Speaking on the theme, ‘Secure Energy, Shared Prosperity’, the NUPRC boss, who was represented by Assistant Director, Operations, Mr. Prosper Omonedo, said the Commission’s intervention had improved crude oil deliveries after commercial disagreements between producers and refiners affected supplies in the first quarter.
“We engaged producers and refiners, and in the second and third quarters, 53.7 and 45.1 million barrels of crude oil and condensate were supplied to domestic refineries, an overall performance of 97.4 and 76.2 per cent, respectively. From Q1–Q3 of 2026, more than 127 million barrels of Nigerian crude went to Nigerian refineries,” she said.
Under Section 109 of the Petroleum Industry Act 2021, the NUPRC allocates crude oil to domestic refineries before export.
The CCE said the NUPRC is also consulting producers, refiners and other stakeholders on a domestic crude swap framework.
“Under it, a refiner could receive crude from the nearest suitable production or export point instead of moving an allocated grade over long distances, which could take an estimated three to four dollars off the cost of every barrel,” he added.
On production, Eyesan said Nigeria recorded an average of 1.717 million barrels per day of crude oil and condensate in September, a 2.34 per cent increase over August. Crude oil production alone averaged 1.53 million barrels per day, marking the fifth consecutive month the industry met or exceeded its quota.
She attributed the improvement to better asset integrity, enhanced security of evacuation infrastructure, stronger collaboration with operators and sustained regulatory efforts to restore shut-in production.
On the 2026 Licensing Round, she said the 40 blocks on offer would be subjected to a transparent evaluation process, with published criteria and mandatory disclosure of beneficial ownership.
The NUPRC boss added that the Commission was enforcing the drill-or-drop principle to discourage speculative holding of licences, noting that 22 recent awardees were expected to contribute at least 250,000 barrels per day within five years.
She reaffirmed the Commission’s commitment to meeting the Domestic Gas Delivery Obligation and working with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to align refinery demand with crude supply planning, ensuring that upstream gains translate into tangible benefits for households, industries and power generation.
Eniola Akinkuotu
Head, Media and Corporate Communications