Nigeria meets OPEC quota for sixth consecutive month

Nigeria produced a every day common of 1,687,710 million barrels of crude oil and condensate within the month of October 2026, information from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has proven.

According to an announcement signed by Head, Media and Corporate Communications (NUPRC), Eniola Akinkuotu, single day manufacturing hit a peak of 1.79 million barrels whereas the bottom for the month below evaluate stood at 1.60 million bopd.

In strict crude oil phrases (excluding condensate), Nigeria produced a median of 1.51mobpd in October. This constitutes 101% of the 1.5mobpd set by OPEC.

The crude oil information (excluding condensate) reveals that Nigeria has for six consecutive months met its assigned OPEC quota, producing 1.53mobpd in May; 1.55mobpd in June; 1.51mobpd in July; 1.5mobpd in August, 1.53mobpd in September and 1.51mobpd in October.

On a month of month foundation, nonetheless, manufacturing dipped by 1.7%.

The NUPRC attributes the steady efficiency in current months to an enhanced operational stability, supported improved manufacturing uptime and crude evacuation effectivity.

The sustained progress recorded in October displays the continued dedication of operators and trade stakeholders in the direction of enhancing operational effectivity, sustaining asset integrity, and enhancing manufacturing reliability throughout the Nigerian upstream petroleum sector.

A breakdown of the every day common crude oil and condensate manufacturing by terminals/streams through the evaluate month reveals that Forcados Terminal accounted for 318.49kbpd whereas Bonny got here second with 311.02kbpd.