Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Enitan Takes Over From Walson-Jack As New Head Of Civil Service

    August 28, 2026

    Ogun NUJ Presents 50th Anniversary Logo, Unveils Week-long Programme For Golden Jubilee Celebration

    August 28, 2026

    Adron Group, Niger Foods Breeding and Feedlot Center Explore Farm Estate Initiative Through Strategic Engagement 

    August 28, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      INEC Will Publish 2027 Governorship, Assembly Candidates Particulars On Saturday 

      August 27, 2026

      APC Campaign Council List On Review After Key Omissions Discovered

      August 24, 2026

      Governor Dauda Lawal Commends Senator Yari’s Appointment as President Tinubu’s Campaign Council DG

      August 22, 2026

      Yari Announced As DG Of Tinubu’s Campaign Council

      August 22, 2026

      INEC Will Conduct Nationwide Mock Accreditation In November 

      August 22, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment August 27, 2026

      Ayra Starr to Feature at NFL London Game Halftime Show Debut

      Recent

      Ayra Starr to Feature at NFL London Game Halftime Show Debut

      August 27, 2026

      Funke Akindele, Ex-husband JJC Skillz Spend Time Together in France

      August 27, 2026

      Say No More to Music as Career ~ Raheem Okoya 

      August 26, 2026
    • Business

      Tinubu Approves Fresh Framework to Unlock $50bn Deep Offshore Investments

      August 12, 2026

      Association of Movie Producers of Nigeria Engages Bank of Industry MD on IP-Based Loan Access, Honours Him with Award and Patronage

      August 9, 2026

      BUA Foods Posts N292bn as H1 Profit Despite Revenue Decline

      July 31, 2026

      Viral N2.5m Monthly Corn Business Earning Dismissed From Source

      July 8, 2026

      Consumer Credit Falls to N3.03tn, Shortage of N780bn Caused by High Rates

      June 30, 2026
    • Health

      Lagos Presents Blood Donation Drive Through 10 LGAs

      August 27, 2026

      LAWMA Assures Residents of Plan to Evacuate Refuse Heaps in Lagos

      July 29, 2026

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026

      FG to Minimize Medical Equipment Imports, Unveils $1.2bn Reform Plan for Local Manufacturers

      June 4, 2026

      Ultra-processed foods may significantly increase heart disease risk

      May 17, 2026
    • Culture

      Awujale Stool: Ruling House Commits Trust In Leaders, Disapproves Removal

      August 13, 2026

      Osun-Osogbo 2026: Nigeria-Africa Celebrates Yoruba Historic Heritage

      August 7, 2026

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026
    • Lifestyle

      Pastor Unveils Gospel Match-Making Platform With Charges Of N350,000 For Premium, 700,000 For VIP

      August 27, 2026

      Damola Aiyeola At 60: Aare Adetola Emmanuelking Hails A Life Dedicated To Faith, Family And Service

      August 23, 2026

      Cambridge’s Youngest Black Professor, Jason Arday, Found Dead Days After Resignation Over Plagiarism Accusation

      August 15, 2026

      Dignitaries: Osinbajo, Fashola, Florence Ajimobi, Others Attend Kemi Adeosun’s Husband’s Burial Service 

      August 14, 2026

      Five Years On, Okunbo’s Children Carry Forward a Legacy of Family and Service

      August 12, 2026
    • Sports

      Super Eagles Will Commence Using Adidas Kits From 2027

      August 28, 2026

      Argentine Executives Made Confession Of Having Bribed FIFA Officials For Media Purpose

      August 28, 2026

      NFF President Ibrahim Gusau Resigns, Confirms Resignation

      August 27, 2026

      Ethiopia Shows Interest In Hosting AFCON 2028 After 50-Year Wait, Submits Bid

      August 26, 2026

      List of Winners at PFA Awards 2026

      August 26, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » Nigeria’s Oil output Climbs Over OPEC’s Quota, At 74-month High
    Oil & Gas

    Nigeria’s Oil output Climbs Over OPEC’s Quota, At 74-month High

    Ifetayo AdeniyiBy Ifetayo AdeniyiJuly 13, 20265 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Nigeria’s crude oil production has hit its highest level in more than six years, with the country exceeding its Organisation of the Petroleum Exporting Countries production quota for the fourth consecutive month, buoyed by improved operational stability and fewer disruptions to oil infrastructure.

    With the latest figures released on Sunday in Abuja by the Nigerian Upstream Petroleum Regulatory Commission, it showed that the country’s average crude oil production rose to 1.56 million barrels per day in June 2026, while condensate output stood at 0.18 million barrels per day, bringing total crude oil and condensate production to 1,735,398 barrels per day.

    The production level represents 104 per cent of Nigeria’s 1.5 million barrels per day crude oil production quota approved by OPEC and marks the country’s highest crude oil output since April 2020, making it a 74-month high.

    The figures, contained in the commission’s latest production report and conveyed in a statement issued by its Head of Media and Corporate Communications, Eniola Akinkuotu, showed that June also marked the fourth consecutive month of production growth, reinforcing the recovery of Nigeria’s upstream oil sector after years of production losses caused by crude theft, pipeline vandalism and operational disruptions.

    The statement read, “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. In the month under review, crude oil production hit 1.56mbpd while 0.18mbpd of condensates was produced. This means Nigeria met 104 per cent of the 1.5mbpd crude oil production quota set by the Organisation of Petroleum Exporting Countries.”

    According to the commission, total crude oil and condensate production increased from 1.700 million barrels per day recorded in May to 1.735 million barrels per day in June, representing a 2.2 per cent month-on-month increase.

    The report showed that combined production had earlier stood at 1.483 million barrels per day in February before rising steadily to 1.564 million barrels per day in March, 1.663 million barrels per day in April, 1.701 million barrels per day in May, and 1.735 million barrels per day in June.

    The NUPRC attributed the improved performance to stable production activities across major oil-producing assets and the absence of significant pipeline outages during the review period.

    “The improved performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review.

    “This enhanced operational stability supported improved production uptime and crude evacuation efficiency. Although a limited number of assets experienced short-duration operational shutdowns, the overall impact on national production was minimal.

    “In addition, scheduled turnaround maintenance activities were effectively managed and completed without significant disruption to production operations.

    “The sustained growth recorded in June reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector,” the statement added.

    The commission also disclosed that Nigeria’s highest daily combined crude oil and condensate production during the month reached 1.89 million barrels per day, while the lowest daily production stood at 1.57 million barrels per day.

    The peak production level underscores Nigeria’s growing potential to achieve the Federal Government’s medium-term ambition of producing two million barrels of oil per day, a target that has remained elusive for years due to insecurity in oil-producing communities, crude theft and ageing infrastructure.

    An analysis of production by export terminals showed that Bonny Terminal retained its position as Nigeria’s highest-producing terminal, recording an average daily production of 318,280 barrels, compared with 293,880 barrels in May.

    Forcados Terminal ranked second with 306,360 barrels per day, up from 289,900 barrels recorded in the previous month.

    However, production at Qua Iboe Terminal declined to 164,730 barrels per day from 173,360 barrels per day in May.

    Similarly, Escravos Terminal recorded a slight increase to 138,030 barrels per day, compared with 135,470 barrels per day in the previous month, while Bonga Terminal maintained steady output, producing 103,660 barrels per day, slightly above the 102,540 barrels per day recorded in May.

    The sustained production growth is expected to strengthen Nigeria’s oil export earnings, improve foreign exchange inflows and provide additional fiscal revenues for the Federal Government at a time authorities are seeking to increase crude output and attract fresh investment into the upstream sector.

    Nigeria has struggled in recent years to meet its OPEC production allocation because of widespread crude oil theft, pipeline vandalism, underinvestment, and prolonged operational challenges. However, reforms introduced under the Petroleum Industry Act, enhanced security around critical oil infrastructure, and closer collaboration between government agencies and oil producers have contributed to the gradual recovery in production.

    Maintaining production above the OPEC quota and sustaining operational stability will be critical if Nigeria is to realise its target of producing two million barrels per day and maximise the benefits of favourable global oil market conditions.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleDangote Cement, In Kogi State, Launches Multi-million Naira Hospital
    Next Article FG Halts WAEC, NECO Fees Hike
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Automobile August 28, 2026

    Tinubu, Gov Plan Cheaper Transport Fares, Calls For Additional 500 CNG Stations

    Oil & Gas August 26, 2026

    Dangote, Despite Crude Price Decline, Jacks Up Petrol to N1,200/l

    Oil & Gas August 24, 2026

    Dangote Refinery Broadens Free Fuel Delivery To Kano, Imo And Others

    Oil & Gas August 22, 2026

    PENGASSAN Unveils New President, Olabiyi-Agoro 

    Oil & Gas August 18, 2026

    Dangote Refinery Secures $1bn Backing for Planned IPO

    Oil & Gas August 18, 2026

    Dangote Reduces LPG Price By N30, Forces Cooking Gas Costs To Drop

    Leave A Reply Cancel Reply

    Don't Miss
    News August 28, 2026

    Enitan Takes Over From Walson-Jack As New Head Of Civil Service

    Walson-Jack passes baton to Enitan as new Head of the Civil Service of the Federation…

    Ogun NUJ Presents 50th Anniversary Logo, Unveils Week-long Programme For Golden Jubilee Celebration

    August 28, 2026

    Adron Group, Niger Foods Breeding and Feedlot Center Explore Farm Estate Initiative Through Strategic Engagement 

    August 28, 2026

    MTN Spends N2.7trn on Nigerian Suppliers, Records 62% Local Procurement in 2025

    August 28, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    Active Movie Producers And Marketers Association of Nigeria (AMPMAN)

    November 16, 2021

    A Better Society Is Possible

    December 2, 2021

    Sahara Reporters Fake And Malicious Publication On Prince Ned Nwoko

    December 17, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.