The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that Nigeria plans to allocate all its crude oil production to the domestic market as local refining capacity expands, with the goal of refining every barrel of the country’s targeted output locally by the time production reaches 3 million barrels per day around 2030.
According to a report by S&P Global, Nigeria produced 1.74 million barrels of crude per day in June and aims to raise output to 3 million barrels daily by 2030.
The report noted that Nigeria has historically exported most of its crude to refiners in Europe and Asia but is increasingly prioritising downstream growth to strengthen energy security and boost national revenue. NMDPRA said the country’s domestic refining capacity currently stands at about 1.12 million barrels per day.
The authority added that it has engaged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to enforce legal provisions requiring local
