More

    Nigeria’s Oil Output Hits Six-Month High in July, Exceeds OPEC Quota

    Nigeria’s crude oil production rose to its highest level in six months in July 2025, signaling a steady recovery after months of volatility, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

    Africa’s biggest oil producer pumped an average of 1.507 million barrels per day (bpd) in July, up slightly from 1.505 million bpd in June. 

    Read Also: Dangote Refinery Receives 1,000 CNG Trucks to Boost Fuel Distribution

    This marks the second consecutive month that Nigeria has produced above its OPEC quota.

    When condensates are included, total liquid hydrocarbon production averaged 1.712 million bpd. 

    NUPRC further noted that combined crude and condensate output in July peaked at 1.84 million bpd, with the lowest daily figure at 1.66 million bpd.

    “The daily average production in July was 1,712,282 barrels per day, comprising crude oil (1,507,418 bpd) and condensate (204,864 bpd),” NUPRC stated.

    Earlier this month, NUPRC Chief Executive Gbenga Komolafe said the July peak of 1.8 million bpd was achieved under the Commission’s Project 1 MMBOPD Incremental initiative—a multi-stakeholder plan designed to boost output.

    Komolafe added that Nigeria is optimizing the Maximum Efficient Rate (MER) framework, improving water management, and streamlining shutdown and maintenance schedules to minimize disruptions.

    Don’t Miss This: East Africa Breaks Ground on $2.15 Billion Cross-Border Railway

    “With these efforts, the presidential mandate on production increase is well within reach,” Komolafe said.

    The production rebound provides a positive outlook for Nigeria’s fiscal revenues, particularly as the country continues to grapple with budgetary pressures and seeks to strengthen its foreign exchange reserves.

    Image Credit: Quest FM Ughelli

    Sign up for our free Daily newsletter

    We'll be in your inbox every morning Monday-Saturday with top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

    Related Posts

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Captcha verification failed!
    CAPTCHA user score failed. Please contact us!

    Latest

    Natascha Viljoen Makes History as First Woman to Lead World’s Largest Gold Miner

    South African-born mining executive Natascha Viljoen is set to become the first woman to lead Newmont Corporation, the world’s largest gold mining company, with...

    Dangote to List 10% Stake on Nigerian Exchange

    The President of the Dangote Group, Aliko Dangote, has announced plans to list between five and ten per cent of the Dangote Refinery on...

    Angola Expands Beyond Oil as First Major Copper Mine Begins Production

    Angola has taken a major step toward economic diversification as the Tetelo copper mine, the country’s first large-scale copper operation, begins production.  The milestone marks...

    Senegal’s 2026 Debt Burden Rises 11% Following Hidden Loans Scandal

    Senegal is facing a sharp increase in its 2026 debt-service obligations—up 11% higher than previously estimated—after the government uncovered billions of dollars in undisclosed...

    African Telecom Leaders Renew Push to Eliminate Smartphone Taxes

    At the Mobile World Congress (MWC) 2025 in Kigali, African telecom executives and government officials renewed their call for the removal of taxes on...