Nigeria's Crude Oil Output Rises, But Fails to Meet OPEC Quota Amidst Challenges
Nigeria's crude oil output has increased to 1.436mbpd, but the country has failed to meet its assigned production quota set by OPEC for the fourth consecutive month. OPEC data reveals that Nigeria averaged 1.444 million bpd in Q3 2025, lower than the record levels seen in Q2 and Q1 of the same year.
This underscores the ongoing struggle to stabilize production despite government efforts and investments in the upstream sector. Nigeria's inability to meet its quota poses risks to its foreign exchange earnings, as crude oil remains a significant revenue source.
Analysts suggest that the gradual rise in output signals a slow emergence of recovery, with hopes pinned on ongoing refinery rehabilitation and upcoming private refinery operations, particularly the Dangote Refinery. However, security issues such as crude theft and pipeline vandalism, along with infrastructure limitations, continue to hinder progress.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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