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

    Iretidayo Zaccheaus: Bringing Lagos Streetwear to the Global Stage

    On a humid afternoon in Lagos, the pulse of the city is mirrored in its fashion—bold, fast, and unapologetically expressive.  At the center of this...

    Ore Runsewe: Building Africa’s Beauty Empire ‘Arami’ From a Bedroom Table

    When Ore Runsewe first relocated from the UK to Nigeria in 2014, she didn’t imagine launching a beauty empire. She simply missed her skincare...

    West African Regulators Set to Harmonise Fuel Prices

    West African midstream and downstream petroleum regulators are joining forces to establish a new regional forum aimed at harmonising fuel prices and enhancing petroleum...

    Fintech Powers Digital Transformation in Nigeria’s Microfinance Sector

    As Nigeria’s microfinance industry celebrates 20 years of promoting financial inclusion, Qore, one of Africa’s leading Fintech Infrastructure and Banking-as-a-Service providers, has reaffirmed its...

    Google, World Bank Partner to Develop AI-Powered Public Infrastructure for Emerging Economies

    Google and the World Bank Group have announced a strategic partnership to fast-track digital transformation across emerging markets through artificial intelligence (AI).  The collaboration aims...