Nigeria Exceeds OPEC Oil Quota with 1.84M Barrels in September
In September, Nigeria's crude oil production surpassed its Organisation of the Petroleum Exporting Countries (OPEC) quota for the fifth consecutive month, with a daily peak of 1.84 million barrels. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reported a 2.34 percent increase in daily crude oil and condensate output, averaging 1.53 million barrels per day, excluding condensates.
This performance represented 102 percent of Nigeria's OPEC quota of 1.5 million barrels per day, exceeding the target by 30,000 barrels. The report indicated that the lowest production day recorded was 1.68 million barrels.
The NUPRC attributed the improved performance to stable production operations and the absence of major pipeline outages, which enhanced production uptime and crude evacuation efficiency. This sustained growth reflects the commitment of operators and industry stakeholders to improve operational efficiency and maintain the integrity of oil-producing assets.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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