Nigeria's domestic refining sector is facing a prolonged crude supply paradox, with 53.7 million barrels of crude oil and condensate supplied to local refineries in the second quarter of 2026, yet refiners still struggle to secure feedstock on commercially viable terms. The Crude Oil Refinery Owners Association of Nigeria (CORAN) said the improvement in physical deliveries is encouraging but stressed that supply allocations alone will not solve the problem. CORAN noted that a refinery consumes crude delivered under commercially sustainable terms, not allocations on paper. The association identified crude pricing, transportation, evacuation infrastructure, quality, financing, and payment arrangements as major factors affecting access to domestic feedstock.
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