Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    GFF@25: OGD’s Medical Outreach Cut Across Ogun East

    October 14, 2026

    NCC Says Over 231 Million Telecom Devices In Circulation Duly Approved

    October 14, 2026

    WIMBIZ Presents 25th Anniversary Logo, Offers N6m Grants

    October 14, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      2027 Election List: INEC Reacts To Omission Of Candidates

      October 14, 2026

      INEC Distances Self From Fake 2027 Governorship Candidates’ List For Six States

      October 13, 2026

      2027 Election: On INEC’s Final Release, 18 Presidential Candidates Vying For Position

      October 12, 2026

      As INEC Releases Final List For 2027 Elections, Candidates Contesting For Lagos Governorship Unveil

      October 11, 2026

      INEC Set To Release Final List Of Governorship, State Assembly Candidates On Saturday

      October 9, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment October 13, 2026

      Wizkid Unveils Concerts for December 2026, Both in Lagos, Abuja 

      Recent

      Wizkid Unveils Concerts for December 2026, Both in Lagos, Abuja 

      October 13, 2026

      Nollywood’s ‘Her Daughters’ Mother’ Is Selected For Film Africa 2026

      October 12, 2026

      MKO Abiola Movie Showing In 48 Cinemas Across Nigeria

      October 12, 2026
    • Business

      WIMBIZ Presents 25th Anniversary Logo, Offers N6m Grants

      October 14, 2026

      NIBSS, Transactility Power National Payment Stack

      October 13, 2026

      MTN Opens up on Network Outage in Lagos, FCT Including Four Other States

      October 9, 2026

      After 6 Years Operation, Moove Discontinues Nigeria Activities

      October 8, 2026

      2026 Access to Financial Services: Formal Credit Access Doubles to 10% 

      October 7, 2026
    • Health

      WHO Presents New Guidance For Heat-related Illness At Mass Gatherings

      October 1, 2026

      ZAMFARA RELEASE OF FIRST BATCH OF SUCCESSFUL APPLICANTS NURSES & MIDWIVES RECRUITMENT

      September 17, 2026

      Pastor Adeboye Of RCCG Donates Three Dialysis Machines To UBTH

      September 3, 2026

      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
    • Culture

      GLO Sponsorship Commits To 2026 Ofala Festival As It Kicks Off

      October 8, 2026

      FG Plans To Launch African Global Festival In October, Strengthens Culture, Economy

      September 25, 2026

      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
    • Lifestyle

      Tinubu Congratulates Shettima on 60th Birthday, Calls him Patriot, Trusted Ally. 

      September 2, 2026

      Gov Dauda Lawal @ 61: A Functionalist In Power

      September 2, 2026

      Jay-Jay Okocha’s Daughter Unveils Wedding Picture In Spain

      August 31, 2026

      Oborevwori, Arigbodi Families Glorified God As Children’s Wedding Ends In Thanksgiving

      August 31, 2026

      Celebrating A Jolly Good Fellow—Happy Birthday, Regie, Mfr

      August 31, 2026
    • Sports

      Netflix To Broadcast 2030 Men’s World Cup In Spain

      October 14, 2026

      Olympic Qualifier: Alozie, Kanu Score To Lead Comoros With 2-0

      October 10, 2026

      There’s Possibility of AFCON’s Two-year Cycle ~ CAF President

      October 9, 2026

      Fury-Joshua Bout Sellout Records Over 80,000 Tickets In 60 Minutes

      October 9, 2026

      England Set To Host Netball World Cup For 2031

      October 8, 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

    Oil & Gas October 14, 2026

    Dangote Refinery Posts $22.5b Revenue, $4.7b Gain

    Oil & Gas October 13, 2026

    Shell To Divest Nigeria Domestic Gas Business To Vaaris Energy

    Oil & Gas October 13, 2026

    Dangote Refinery Extends IPO By 2-weeks, Till October 27

    Oil & Gas October 10, 2026

    NNPC Demands Download of App To Access Discount Sales, Extends Period

    Oil & Gas October 9, 2026

    NNPCL Says Discount Is Not Subsidy, Assures Nigerians Of Fuel Supply

    Oil & Gas October 9, 2026

    NNPC Meets Crude Production Target As It Maintains Sustained Drilling 

    Leave A Reply Cancel Reply

    Don't Miss
    Health & Wellness October 14, 2026

    GFF@25: OGD’s Medical Outreach Cut Across Ogun East

    At Redeemers Health Village, American doctors were seen examining patients ahead of scheduled surgeries on…

    NCC Says Over 231 Million Telecom Devices In Circulation Duly Approved

    October 14, 2026

    WIMBIZ Presents 25th Anniversary Logo, Offers N6m Grants

    October 14, 2026

    2027 Election List: INEC Reacts To Omission Of Candidates

    October 14, 2026

    Subscribe to Updates

    Get the latest news as they happen

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

    17th Edition of Prestigious Honorary African Leadership People’s Heritage Gold Awards

    November 16, 2021

    Reinarey Empire Unveils 2022 Collections

    November 11, 2021

    Seasons Greetings!

    December 25, 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.