Nigeria Surpasses OPEC’s 1.5 Million Barrel Oil Quota in June 2025

Abiola Olawale
Writer

Ad

Oil Prices Slip on Oversupply Concerns

Oil prices slipped in early Asian trading on Thursday, giving back some of the previous session’s gains as traders prepared for the end of the summer driving season and closely watched trade tensions between the U.S. and India. At the time of writing, West Texas Intermediate (WTI) was down 39 cents, or 0.61%, at $63.76…

Tinubu Departs Brazil for Nigeria After State Visit

By Abiola Olawale President Bola Ahmed Tinubu has concluded a three-day state visit to Brazil, departing the country for Abuja on Wednesday, August 27, 2025. The New Diplomat reports that the presidential jet took off from Brasília International Airport Air Force Base, with a ceremonial send-off attended by Brazil’s Secretary for Africa and the Middle…

President’s son jailed 6 years in fraud case as power tussle soars in Equatorial Guinea

• Two brothers at war over who succeeds Nguema Mbasogo By Obinna Uballa An Equatorial Guinea court has sentenced Ruslan Obiang Nsue, son of President Teodoro Obiang Nguema Mbasogo, to six years in prison for illegally selling a plane belonging to the state airline, Ceiba Intercontinental, a case analysts say reflects growing rivalry within the…

Ad

By Abiola Olawale

In a major achievement for Africa’s largest crude oil producing country, Nigeria has met and exceeded its Organization of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.5 million barrels per day (bpd) in June 2025.

According to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and OPEC’s latest Monthly Oil Market Report, Nigeria’s average daily crude oil production reached 1.505 million bpd, with total liquid output, including condensates, hitting approximately 1.697 million bpd.

This marks the second time in 2025 that Nigeria has achieved this benchmark, signaling a robust recovery in its oil sector.

For years, Nigeria struggled to meet its OPEC quota due to several challenges. In 2023, production hovered at 1.1 million bpd, climbing to 1.3 million bpd in 2024 and 1.4 million bpd earlier this year.

The recent surge to 1.505 million bpd in June, with a peak of 1.547 million bpd according to secondary OPEC data, underscores the country’s efforts to address longstanding issues that have affected production.

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, recently said Nigeria was ramping up production with a medium-term goal to hit 2.06 million barrels per day by 2027.

He expressed optimism that oil output would rise to 1.9mbpd in December this year.

“We have started growing. In March, we were producing about 1.56 million barrels per day, and we’re now at 1.63 million, including condensates. By the end of the year, we are hoping to clock 1.9 million barrels daily,” he said.

He added that the NNPCL is now targeting 1.9 million bpd by the end of 2025, with a medium-term goal of 2.06 million bpd by 2027.

Ad

X whatsapp