Nigeria Records Highest Crude Production, Exceeds OPEC's Quota
The rise was driven by stable operations and completed maintenance, with Bonny Terminal leading output at 293,870 bpd, the regulator said.
- In May 2026, Nigeria's combined crude and condensate oil production reached 1.7 million barrels per day, a 15-month high representing 102 per cent of the country's Organisation of the Petroleum Exporting Countries quota.
- The Nigerian Upstream Petroleum Regulatory Commission attributed the surge to stable operations throughout May, with no significant pipeline outages recorded and all scheduled maintenance activities successfully completed.
- Bonny Terminal led production at 293,870 barrels per day, followed by Forcados Terminal at 289,900, with Qua Iboe, Escravos Oil Terminal, and Odudu completing the top five production streams.
- Higher output could strengthen Nigeria's fiscal position and boost government revenues, especially with international oil prices remaining around $100 per barrel, while potentially reducing Dangote Refinery's crude import dependence.
- Amid these production gains, the Nigerian National Petroleum Company Limited is working with security agencies to combat pipeline vandalism, while Niger Delta communities continue facing pollution and slow remediation efforts.
14 Articles
14 Articles
Nigeria's Crude Oil Production Hits 15-Month High
Nigeria’s crude oil output jumped to a 15-month high in May as Africa’s top producer continues to ramp up production, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed. Nigeria pumped 1.53 million barrels per day (bpd) of crude last month, the highest level since January 2025, as the African country now produces at its ceiling per the OPEC+ group’s agreements, after years of failing to do so due to sabotage, oil the…
Nigeria Exceeds OPEC Quota As Crude, Condensate Output Reaches 11-Month High
Nigeria's oil and condensate production rose to an 11-month high in May, with crude output surpassing the country's 1.5 million barrels per day production quota under the Organisation of the Petroleum Exporting Countries (OPEC), a development that could boost government revenues and strengthen Forex earnings.
Nigeria records highest crude production, exceeds OPEC's quota
Nigeria has recorded its highest crude oil production in 11 months, hitting 1.70 million barrels per day in May 2026. According to data released recently by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country’s crude oil production for May surpassed the Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million barrels per day. During the review period, production performance remained robust, with combin…
Nigeria exceeds OPEC quota, oil production hits 15-month high
Nigeria’s crude oil production surpassed its OPEC quota in May 2026, reaching a 15-month high. This boost in Nigeria oil production strengthens its positio Read More: https://punchng.com/nigeria-exceeds-opec-quota-oil-production-hits-15-month-high-nuprc/
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