In keeping with Nigeria’s Petroleum Business Act 2021, the Nigerian Upstream Petroleum Regulatory Fee (NUPRC) has revealed its crude oil manufacturing forecast for the primary half of 2025. Per the report, 9 Nigerian refineries will course of 143 million barrels of crude within the first half of the yr, consuming 37% of the nation’s each day manufacturing forecast of two.07 million barrels. The chief beneficiary of the NUPRC’s crude provide is the 650,000 barrels per day Dangote Refinery, which can obtain 550,000 barrels each day. Different key beneficiaries embody the Warri, Kaduna, and Port Harcourt refineries, processing 75,000, 66,000, and 60,000 barrels per day respectively. This initiative goals to maximise home refining capability whereas assembly formidable manufacturing targets. Progress has already been famous, with Nigeria’s oil manufacturing rising by 11% in late 2024 because of initiatives like Challenge One Million Barrels.
Supply: BUSINESS INSIDER AFRICA