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Nigeria oil output and refinery expansion

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2026-07-30 22:20 UTC → 2026-07-31 16:48 UTC · added removed

In early July 2026, 2026 Nigeria reported that its crude oil production rose output above 1.8 million barrels per day, with officials attributing the increase rise to recent reforms in the sector. sector reforms. By the end of the month, month‑end the government unveiled an ambitious a plan to boost the country's lift operational oil‑refining refining capacity from roughly 732,000 barrels per day to about 2.64 million barrels per day by 2030. The strategy relies 2030, relying on constructing 24 new grassroots or modular refineries, representing refineries and an estimated $10.74 billion investment between 2026 and 2030. investment. The expansion aims flagship Dangote refinery, commissioned in 2023 with a 650,000 bpd capacity, anchors the effort to end Nigeria’s reliance on exported crude and imported refined fuels, achieve domestic fuel self‑sufficiency, self‑sufficiency and generate surplus for export to other African markets. Key projects include Alongside the 650,000‑bpd Dangote refinery, which began operations refinery drive, authorities are accelerating the natural‑gas sector. Proven reserves exceed 200 trillion cubic feet and the 600‑km Ajaokuta‑Kaduna‑Kano pipeline is being positioned to supply gas to industry and power plants, with domestic output averaging 2.05 billion cubic feet per day in 2023. the first half of 2026. A new gas‑swap framework aims to close delivery gaps. The Renewable Energy Association of Nigeria has also called for rapid deployment of renewable‑energy projects, urging greater investment, local manufacturing and tighter regulation of solar products to support a broader clean‑energy transition.

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  1. 2026-07-31 16:48 UTC Nigeria oil output and refinery expansion
  2. 2026-07-30 22:20 UTC Nigeria oil output and refinery expansion

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