Nigeria has met its Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota of 1.5 million barrels per day (bpd) for the fourth consecutive month, according to the latest figures from the oil cartel.
Gatekeepers News reports that OPEC’s latest monthly oil market report showed that Nigeria’s crude production averaged about 1.5 million bpd in August, keeping the country within its approved output level for the fourth straight month.
The development extends the improvement recorded in Nigeria’s oil production in recent months. In July, the country produced 1.505 million bpd, slightly above its 1.5 million bpd quota, according to OPEC data.
The July figure represented the third consecutive month Nigeria met the quota, following production levels of 1.53 million bpd in May and 1.55 million bpd in June.
Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) also showed that Nigeria’s combined crude oil and condensate production averaged 1.67 million bpd in July, with crude accounting for 1.505 million bpd and condensates contributing about 0.17 million bpd.
Nigeria has retained a 1.5 million bpd OPEC production quota through December 2026. OPEC had previously extended the quota as part of its efforts to manage production among member countries and support stability in the global oil market.
The sustained output comes as Nigeria continues efforts to increase crude production and reduce losses from theft, pipeline vandalism and operational disruptions, while expanding domestic refining capacity.
