Sunday, April 12, 2026
  • About
  • Advertise
  • Careers
  • Features
  • News
  • Sports
  • Entertainment
  • Weather
  • Info-data
  • Beautiful Cities
  • Discoveries
  • Login
No Result
View All Result
Home Business

Nigeria Boosts Crude Oil Output to 1.486 Million Barrels per Day, Nears OPEC+ Target

Kehinde Giwa by Kehinde Giwa
May 12, 2025
in Business
0
Nigeria Boosts Crude Oil Output to 1.486 Million Barrels per Day, Nears OPEC+ Target
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Nigeria’s crude oil production rose to an average of 1.486 million barrels per day (bpd) in April 2025, edging closer to the country’s Organization of the Petroleum Exporting Countries (OPEC+) quota of 1.5 million bpd. This marks a recovery from March’s output of 1.401 million bpd, according to the latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The NUPRC noted that this level of production now places Nigeria at 99 percent of its OPEC+ quota, a significant milestone for a country that has struggled in recent years with output shortfalls due to pipeline vandalism, oil theft, and operational setbacks in its oil fields.

Related posts

Nigeria: Dangote Refinery Denies Increasing Petrol Price, Maintains N1,200 per Litre

Nigeria: Dangote Refinery Denies Increasing Petrol Price, Maintains N1,200 per Litre

April 8, 2026
Eni Discovers 2 Trillion Cubic Feet of Gas Offshore Egypt

Eni Discovers 2 Trillion Cubic Feet of Gas Offshore Egypt

April 7, 2026

“The average crude oil production was 99 per cent of the OPEC quota (1.5 mbpd),” the NUPRC report stated, reflecting renewed efforts to stabilize and grow output within regulatory guidelines.

Daily Oil Output Varied Between 1.6 and 1.73 Million Barrels

The commission further detailed that daily production in April ranged from a low of 1.60 million bpd to a high of 1.73 million bpd. The average daily output was made up of 1,485,700 bpd in crude oil and 197,607 bpd of condensate, bringing the total average to 1,683,307 barrels per day.

It’s important to note that OPEC does not include condensate production in its quota system. Thus, while Nigeria’s total output is above 1.68 million bpd, only the crude oil portion counts toward its OPEC+ compliance.

The production trend over the first four months of 2025 has shown notable fluctuations:

  • January: 1.539 million bpd
  • February: 1.465 million bpd
  • March: 1.401 million bpd
  • April: 1.486 million bpd

This recovery in April underscores improved security, technical capacity, and field performance across key oil-producing regions.

Nigeria Targets Higher Output Amid Global Oil Market Shifts

President Bola Tinubu’s administration has reiterated its ambition to expand oil production significantly. In February, Special Adviser on Energy, Olu Verheijen, announced that the government is targeting a combined crude and condensate output of 2.7 million bpd by 2027.

This strategic push comes as global oil prices show modest gains amid renewed trade optimism between China and the United States. For Nigeria, higher output aligned with favorable global prices could mean improved revenues, critical for funding government spending and economic reforms.

The government has also been courting new investments into the upstream oil and gas sector through policy reforms and licensing incentives, aiming to revitalize Nigeria’s place as Africa’s largest crude producer.

Previous Post

Nigeria: PDP Forms Reconciliation Committee to Address Internal Crises

Next Post

Nigeria: Dangote Refinery Cuts Petrol Price to ₦825 Per Litre

Next Post
Nigeria: Dangote Refinery Cuts Petrol Price to ₦825 Per Litre

Nigeria: Dangote Refinery Cuts Petrol Price to ₦825 Per Litre

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Kenyan Shilling Hits Record Low Against US Dollar

Kenyan Shilling Hits Record Low Against US Dollar

2 years ago
Nigeria: Varsities Governing Councils to be Inaugurated July 4

Nigeria: Varsities Governing Councils to be Inaugurated July 4

2 years ago
Nigeria’s Inflation Rate Eases to 21.88% in July

Nigeria’s Inflation Rate Eases to 21.88% in July

8 months ago
Nigeria: Court Grants Bail to Sowore, Nnamdi Kanu’s Lawyer and Brother

Nigeria: Court Grants Bail to Sowore, Nnamdi Kanu’s Lawyer and Brother

6 months ago

BROWSE BY CATEGORIES

  • Beautiful Cities
  • Business
  • Culture
  • Discoveries
  • Entertainment
  • Features
  • Info-Data
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Travel
  • Uncategorized
  • Weather

POPULAR NEWS

  • BREAKING: Shawwal 1446 AH Crescent Sighted in Nigeria, Sunday is Eid-el-Fitr

    BREAKING: Shawwal 1446 AH Crescent Sighted in Nigeria, Sunday is Eid-el-Fitr

    0 shares
    Share 0 Tweet 0
  • Nigeria: (VIDEO) Protesters Storm Lagos Assembly with Banners Reading ‘We Don’t Have a Place to Live’

    0 shares
    Share 0 Tweet 0
  • Nigeria: (VIDEO) Popular ‘The New Masquerade Actress’ Ovularia Dies at 81

    0 shares
    Share 0 Tweet 0
  • Finding the Right Balance Between Product-Led Growth and Project Delivery – Ese Onogoro

    0 shares
    Share 0 Tweet 0
  • EXCLUSIVE: Nigeria High Commission in London Faces Backlash Over Use of Redeemed Churches for Passport Exercise

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2023 AAN TV - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Features
  • News
  • Sports
  • Entertainment
  • Weather
  • Info-data
  • Beautiful Cities
  • Discoveries

© 2023 AAN TV - All rights reserved.