23.7 C
Lagos
Thursday, August 13, 2026
spot_img

Nigeria Meets OPEC Quota Despite 4% Production Decline

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

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.

Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month on month basis, production fell by 4%.

ALSO READ

he 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 minimizing the impact of operational constraints.#NUPRC #EnergyReforms #CrudeOil

Related Articles

Stay Connected

7,000FansLike
3,912FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -

Latest Articles