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Nigeria's Oil Production Surpasses OPEC Quota for Second Month in June 2026
Photo: Vanguard News
2026-07-13 00:11   Economy   10

Nigeria's Oil Production Surpasses OPEC Quota for Second Month in June 2026

Nigeria's average daily crude oil and condensate production rose by 2.3 per cent to 1.74 million barrels per day (mbpd) in June 2026, surpassing its OPEC quota for the second consecutive month.The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported that crude output climbed to 1.56mbpd, with combined production reaching 1.735mbpd.This marks the highest crude oil production level since April 2020.Production growth has been steady from February's 1.483mbpd to June's 1.735mbpd, driven by stable operations and minimal pipeline outages.

The NUPRC attributed the improvement to efficient maintenance and operational stability across key assets like Bonny Terminal (up 24kbpd) and Forcados Terminal (up 16kbpd).Despite minor shutdowns at some facilities, national output remained unaffected.The regulator emphasized operators' commitment to enhancing efficiency and reliability in the upstream sector.

Full reading at Vanguard News

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