Nigeria meets 104% of OPEC quota as crude oil production hits 74-month high

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Nigeria’s crude oil production rose to an average of 1.56 million barrels per day in June 2026, exceeding the country’s quota set by the Organisation of the Petroleum Exporting Countries (OPEC) and reaching its highest level in more than six years.

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in a statement signed by its Head of Media and Corporate Communications, Eniola Akinkuotu.

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According to the commission, Nigeria produced an average of 1,735,398 barrels per day of crude oil and condensates during the month, marking the fourth consecutive month of production growth.

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The figure comprised 1.56 million barrels per day of crude oil and 180,000 barrels per day of condensates.

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The NUPRC said the crude oil output represented 104 per cent of Nigeria’s 1.5 million barrels per day OPEC production quota.

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“In strict crude oil terms, excluding condensates, the 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020, thus representing a 74-month high,” the commission said.

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During the month, combined crude oil and condensate production peaked at 1.89 million barrels per day, while the lowest daily output stood at 1.57 million barrels.

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The commission said the peak production level demonstrated Nigeria’s potential to achieve its target of two million barrels per day in the near term.

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It attributed the improved output to stable operations across most producing assets and the absence of major pipeline disruptions during the period.

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According to the NUPRC, the improved operational environment increased production uptime and enhanced the efficiency of crude oil evacuation.

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