Nigeria’s common every day manufacturing of crude oil and condensate rose 2.34 per cent to 1.72 million barrels in September from 1.68 million barrels within the previous month, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated Tuesday
The fee famous in a press release that Africa’s greatest oil producer logged a peak manufacturing of 1.84 million barrels in the course of the month as the nation met its OPEC quota for the fifth month in a row.
“Nigeria produced a daily average of 1,717,030 barrels of crude oil and condensate in the month of September 2026, representing a 2.34 per cent increase when compared to the previous month,” the assertion stated.
NUPRC stated the bottom every day manufacturing recorded in the course of the interval below evaluation was 1.68 million barrels.
Nigeria aspires to ramp up output stage to three million barrels per day (bpd) by 2030, when the upstream regulator anticipates a minimal of twenty-two offshore initiatives, able to unlocking about $50 billion price of funding, to have kicked off manufacturing.
The authorities has launched a number of reforms, together with tax incentives, drill-or-drop coverage, fiscal modernisation, amongst others, to draw new capital and revive idle oil fields.
Excluding condensate, Nigeria produced a median of 1.53 million bpd in September, representing 102 per cent of the 1.5 million bpd quota assigned to it by OPEC.
According to the NUPRC, Nigeria produced 1.53 million bpd in May, 1.55 million bpd in June, 1.51 million bpd in July and 1.5 million bpd in August.
READ ALSO: Obasanjo, Diri renew Niger Delta’s agitation for bigger oil revenue
The fee attributed the development in September to steady operations throughout most producing belongings and an absence of main pipeline outages in the course of the interval, serving to increase manufacturing uptime and the effectivity of crude oil evacuation.
“The sustained growth recorded in September 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 assertion stated.
Average every day crude oil and condensate manufacturing by terminal and stream confirmed that Forcados Terminal recorded the best output at 320,320 barrels per day, adopted by Bonny Terminal with 303,270 barrels per day, it stated.
Discover extra from Premium Times Nigeria
Subscribe to get the newest posts despatched to your e-mail.
