NIGERIA EXCEEDS OPEC OIL PRODUCTION QUOTA AS OUTPUT HITS 74-MONTH HIGH

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Nigeria’s crude oil and condensate production rose to an average of 1.735 million barrels per day (bpd) in June 2026, marking the fourth consecutive month of growth and pushing the country above its Organisation of the Petroleum Exporting Countries (OPEC) production quota.

Data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that crude oil production averaged 1.56 million bpd, while condensate output stood at 0.18 million bpd. The crude production level represents 104 per cent of Nigeria’s 1.5 million bpd OPEC quota and is the country’s highest crude output since April 2020.

The commission attributed the improved performance to stable operations across producing assets, the absence of major pipeline disruptions and the successful completion of scheduled maintenance without significant impact on production. It added that the steady increase highlights ongoing efforts by operators to improve efficiency, strengthen asset integrity and boost production reliability.

According to the report, Bonny and Forcados terminals recorded the highest production volumes during the month, followed by Qua Iboe, Escravos and Bonga terminals. Peak combined crude oil and condensate production reached 1.89 million bpd, reinforcing optimism that Nigeria could achieve the 2 million bpd milestone in the near future.

The NUPRC said the sustained upward trend reflects growing operational stability across the upstream petroleum sector, positioning Nigeria to strengthen its role as Africa’s leading oil producer while supporting increased export earnings and economic growth.

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