Nigeria exceeded its OPEC crude oil production quota in June 2026, producing an average of 1.56 million barrels of crude oil per day, or 104 per cent of its 1.5 million barrels per day allocation.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disclosed this in a statement by its Head of Media and Corporate Communications, Eniola Akinkuotu, on Sunday, noting that combined crude oil and condensate production rose to an average of 1,735,398 barrels per day, marking the fourth consecutive month of production growth.
According to the report, crude oil production averaged 1.56 million barrels per day, while condensate output stood at 0.18 million barrels per day. It described the crude oil output as Nigeria’s highest since April 2020, a 74-month high.
The report also showed that combined production peaked at 1.89 million barrels per day during the month, with the lowest daily output at 1.57 million barrels, highlighting the country’s potential to reach 2 million barrels per day soon.
Production has risen steadily from 1.483 million barrels per day in February to 1.546 million in March, 1.663 million in April, 1.700 million in May, and 1.735 million in June, representing a 2.2 per cent month-on-month increase.
The NUPRC attributed the improved performance to stable operations across producing assets and the absence of major pipeline outages, which enhanced production uptime and crude evacuation efficiency.
“In strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020, thus representing a 74-month high,” the statement said.
“The improved performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review,” the statement said.