Nigeria Meets 104% OPEC Quota As Production Hits 74-Month High
The NUPRC said output rose 2.2% month on month as stable operations and no major pipeline outages lifted production.
- The Nigerian Upstream Petroleum Regulatory Commission reported on Sunday that Nigeria's crude oil and condensate production reached 1,735,398 barrels per day in June 2026, marking a 74-month high.
- Stable production operations across most assets and the absence of major pipeline outages drove the 2.2% month-on-month growth, while operators effectively managed scheduled maintenance activities.
- Nigeria met 104% of the 1.5 mbpd OPEC quota, with Bonny Terminal accounting for 318.28 kbpd and Forcados Terminal recording 306.36 kbpd in combined output.
- Crude oil production hit 1.56 million barrels per day in June, while 0.18 million barrels per day of condensates were produced, marking the fourth consecutive month of positive growth.
- NUPRC data indicates Nigeria possesses the potential to reach 2 million barrels per day in the near term, reflecting June's peak combined production of 1.89 million barrels per day.
27 Articles
27 Articles
Africa's largest producer reached an average of 1.56 million barrels of crude oil per day in June, its highest level in six years.
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Nigeria’s crude oil production hit a six-year high in June, as operations continued to stabilize and no major outage incidents occurred, just as the new flare-up in Iran threatens flows through the Strait of Hormuz again. Nigeria pumped 1.56 million barrels per day (bpd) of crude oil last month, the largest average monthly production volume since April 2020, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). To…
Nigeria meets 104% of OPEC quota as crude production hits 74-month high
Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a 4th consecutive month. This was contained in a statement by the spokesperson of the Nigerian Upstream Petroleum Regulatory Commission, Eniola Akinkuotu, on Sunday. In the month under review, crude oil […] Nigeria meets 104% of OPEC quota as crude production hits 74-month high
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