• Contact Us
  • About Us
Thursday, August 13, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Oil & Gas

Nigeria Meets OPEC Quota For Third Consecutive Month, Production Hits 1.67mbpd In July

metro by metro
August 12, 2026
in Oil & Gas
0
OPEC
0
SHARES
0
VIEWS

 

Nigeria has for the third consecutive month met and exceeded its OPEC quota of 1.5 million barrels per day, latest statistics from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have revealed.

Read Also

Ogoni Youth Back Oil Resumption, Demands Role In OML 11 Operations

Nigeria Eyes $50bn Investments From Offshore Deep-water Projects

Oil Climbs 2%, Extending Gains On Dimming U.S.-Iran Peace Hopes

In the month of July 2026, Nigeria produced 1.505mbpd of crude oil and 0.17mbpd of condensate, bringing the combined daily production to 1.67mbpd.

In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd while the lowest daily production was 1.57mbpd.

READ ALSO:Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply

Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month-on-month basis, production fell by four per cent.

The NUPRC attributed the decline in production to operational challenges experienced at the Erha and Akpo fields, which impacted production output during the period under review.

These disruptions constrained production volumes and contributed significantly to the overall reduction in national crude oil output.

Despite the challenges, production operations across most other producing assets remained relatively stable, with operators implementing measures aimed at maintaining production efficiency and minimising the impact of operational constraints.

The latest figure comes a month after the country met its production quota set by OPEC, as crude oil and condensate production soared to an average of 1,735,398 barrels per day in June 2026, representing positive growth for a fourth consecutive month.

According to a statement released by the NUPRC and signed by its Head, Media and Corporate Communications, Eniola Akinkuotu, on Sunday, in June, crude oil production hit 1.56mbpd while 0.18mbpd of condensates was produced.

This meant Nigeria met 104 per cent of the 1.5 mbpd crude oil production quota set by OPEC.

In strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June was the highest that Africa’s biggest oil producer had recorded since April 2020, thus representing a 74-month high.

Previous Post

Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply

Next Post

IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut

Related Posts

Ogoniland oil spill
Oil & Gas

Ogoni Youth Back Oil Resumption, Demands Role In OML 11 Operations

August 13, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
Oil & Gas

Nigeria Eyes $50bn Investments From Offshore Deep-water Projects

August 11, 2026
Nigeria Signs South Korea’s Daewoo To Fix Kaduna Refinery
Oil & Gas

Oil Climbs 2%, Extending Gains On Dimming U.S.-Iran Peace Hopes

August 11, 2026
Oil Stocks Declining ‘Very Fast’, IEA Chief Warns
Oil & Gas

Oil rises 3% As Iran Tempers Hopes Of Hormuz Reopening

August 10, 2026
Next Post
IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut

IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Erling Haaland Stickers Found On Cocaine Haul Seized By Ecuador Police

Erling Haaland Stickers Found On Cocaine Haul Seized By Ecuador Police

August 13, 2026
Two Soldiers Killed After Army Apache Helicopter Crashed In Texas

Two Soldiers Killed After Army Apache Helicopter Crashed In Texas

August 13, 2026
Ogoniland oil spill

Ogoni Youth Back Oil Resumption, Demands Role In OML 11 Operations

August 13, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version