Dangote and Port Harcourt among 7 other refineries need 770,500bpd, Bopd, for processing in the first half (January – June) of 2025.
NewsOnline Nigeria reports that the Federal Government, the Dangote Petroleum Refinery and eight other domestic refineries would require 770,500 barrels of oil equivalent per day, Bopd, for processing in the first half (January – June) of 2025.
This was even as the government looks forward to producing more than two million bpd and 62 million barrels monthly, respectively.
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However, the refineries also include 10,000 bpd OPAC refinery in Delta State, 5,000 bpd Waltersmith Refinery in Imo State, 2,500 bpd Duport Midstream in Edo State and the 1,500 bpd Edo Refinery in Edo State.
Others include the 11,000 bpd Aradel Refinery in Rivers State, 60,000 bpd old Port Harcourt refinery in Rivers State, 125,000 bpd Warri Refinery in Delta State and 110,000 bpd Kaduna Refinery in Kaduna State.
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, disclosed this yesterday while unveiling first half 2025 crude oil production forecast of producing oil companies and the refining requirement of functional refineries, adding that “The move is pursuant to Section 109 of the Petroleum Industry Act (PIA), 2021 and it is aimed at effective capacity utilization of the nation’s domestic refineries by ensuring a consistent supply of crude oil.”
According to the Commission, the allocation constitutes about 37 per cent of the forecasted first half 2025 average daily production of 2,066,940 bpd.
It maintained that the target would be met as its Project one million barrels launched in October 2024 has increased the capacity of the nation to produce crude for domestic use and export.
The Commission said the initiative aligns with Nigeria’s commitment to bolstering its domestic refining capacity and ensuring the sustainability of its oil industry.
It stated: “The forecasted daily crude requirement for Refineries which is Seven Hundred and Seventy Thousand, Five Hundred barrels (770,500 Bopd), is about 37% of the forecasted first half 2025 average daily production of Two Million, Sixty-Six Thousand, Nine Hundred and Forty Barrels (2,066,940 Bopd).
“However, it will be recalled that in October 2024, NUPRC launched Project 1 million Barrels which is expected to favourably impact the national production. NUPRC 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.”
Refineries crude requirements
The crude oil would come from some International Oil Companies, IoCs and independents, including Shell, Chevron and Seplat Energy.
The Commission, which noted that the refineries have different crude forecast requirements, put the requirements of Dangote Petroleum Refinery and OPAC refinery at 550,000 bpd and 5,000 bpd, respectively.
Waltersmith Refinery, Duport Midstream, Edo Refinery and Aradel Refinery at 4,500 bpd, 2,000 bpd, 1,000 bpd and 7,000 bpd, respectively.
Also, Port Harcourt refinery, Warri Refinery and Kaduna Refinery need 60,000 bpd, 75,000 bpd and 66,000 bpd, respectively.
Oil output rises 7.38%
Meanwhile, Nigeria’s daily average oil production rose by 7.38 per cent year-on-year in December 2024 to 1.667 million barrels per day including condensate from 1.552 million barrels per day recorded over corresponding period in 2023.
The NUPRC, in its latest oil production data, however, indicated that on a month-on-month basis, daily average oil output in December 2024, declined by 1.35 percent from 1.690 million barrels per day recorded in November, 2024, to 1.667mbpd.
Data from the Commission also indicated that daily peak oil production in December 2024 was 1.79mbpd while the lowest daily production was 1.57mbpd.
Cumulatively, oil output in December 2024, was 51.69 million barrels, a marginal increase of 1.9 percent when compared to 50.71 million barrels produced in November 2024.
Further analysis of the data showed that the highest oil output in December 2024 was recorded at Forcados Terminal at 8.49 million barrels followed by Bonny Terminal, 7.78 million barrels and Qua Iboe, 4.15 million barrels.
The data showed without condensate, daily oil production was 1.484 million, indicating that Nigeria, again, failed to meet its oil production quota of 1.5mbpd allotted to it by the Organization of Petroleum Exporting Countries, OPEC.
