Nigeria exported about 485.44 million barrels of crude oil in 2025, representing a large share of its total production for the year, according to a new industry report.

Data from the Nigerian Upstream Petroleum Regulatory Commission showed that the country produced around 592 million barrels of crude oil and condensates during the period. Out of this, roughly 82 per cent was shipped to international markets, while the remaining 18 per cent about 106.56 million barrels was supplied to local refineries.

On a daily basis, average production stood at about 1.62 million barrels, with exports accounting for approximately 1.33 million barrels per day. Domestic refineries received about 290,000 barrels daily.

The report noted that crude oil and condensate output maintained a stable mix, with crude contributing the bulk of production. It also highlighted that lifting volumes closely matched production levels, suggesting improved tracking and operational balance within the sector.

Despite this, Nigeria’s heavy reliance on exports remained a key feature of the industry, exposing the country to fluctuations in global oil prices. The commission also observed that while local refinery supply remains comparatively low, consistent allocation is helping support ongoing efforts to expand domestic refining capacity and reduce fuel imports.

However, challenges in local crude availability persist. The 650,000-barrel-per-day Dangote refinery has repeatedly raised concerns over insufficient supply from domestic producers, forcing it to supplement feedstock with imported crude. Reports indicate a significant shortfall between its required intake and what it actually receives under existing supply arrangements.

Industry stakeholders say that improving crude allocation to domestic refineries could strengthen local processing capacity, improve profitability, and reduce Nigeria’s dependence on imported refined products.