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Nigeria’s crude oil production exceeds OPEC quota in June

Nigeria’s crude oil production rose above its production allocation from the Organisation of the Petroleum Exporting Countries (OPEC) for the second consecutive month in June, with output climbing to its highest level in more than six years.

Latest figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) show that the country produced an average of 1.56 million barrels of crude oil per day during the month, exceeding its OPEC quota of 1.5 million barrels per day by about four per cent. When condensate production of 180,000 barrels per day is included, Nigeria’s total daily oil output averaged approximately 1.74 million barrels.

The commission said the latest performance represents the fourth straight month of production growth, with total crude oil and condensate output increasing steadily from 1.66 million barrels per day in April to 1.70 million barrels in May before reaching 1.74 million barrels in June.

According to the regulator, the June crude oil figure is the country’s strongest monthly performance since April 2020, marking a significant recovery after years of struggling with production disruptions caused by oil theft, pipeline vandalism and operational challenges.

NUPRC attributed the improved output to greater operational stability across producing assets, uninterrupted crude evacuation and the absence of major pipeline incidents during the review period. It added that although a few facilities experienced temporary shutdowns, their impact on national production remained limited.

The commission also noted that scheduled maintenance activities were completed without causing significant disruptions, allowing operators to sustain production levels throughout the month.

Terminal data showed that Bonny and Forcados remained the country’s largest contributors to crude exports during the period, with both recording higher production volumes compared with May.

The regulator said the sustained increase reflects continued efforts by operators and industry stakeholders to strengthen asset integrity, improve operational efficiency and enhance reliability across Nigeria’s upstream petroleum sector.

The latest production figures are expected to boost government revenue and reinforce confidence in ongoing efforts to restore Nigeria’s position among Africa’s leading oil producers while maintaining compliance with international production commitments.