₦airaland Forum

Nigeria has for the third consecutive month met and exceeded its OPEC quota of 1.5 million barrels per day, latest statistics from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have revealed.

In the month of July 2026, Nigeria produced 1.505mbpd of crude oil and 0.17mbpd of condensate, bringing the combined daily production to 1.67mbpd.

In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd while the lowest daily production was 1.57mbpd.

Although Nigeria met its OPEC quota in the month of July, the statistics show that on a month-on-month basis, production fell by four per cent.

The NUPRC attributed the decline in production to operational challenges experienced at the Erha and Akpo fields, which impacted production output during the period under review.

These disruptions constrained production volumes and contributed significantly to the overall reduction in national crude oil output.

Despite the challenges, production operations across most other producing assets remained relatively stable, with operators implementing measures aimed at maintaining production efficiency and minimising the impact of operational constraints.

The latest figure comes a month after the country met its production quota set by OPEC, as crude oil and condensate production soared to an average of 1,735,398 barrels per day in June 2026, representing positive growth for a fourth consecutive month.

According to a statement released by the NUPRC and signed by its Head, Media and Corporate Communications, Eniola Akinkuotu, on Sunday, in June, crude oil production hit 1.56mbpd while 0.18mbpd of condensates was produced.

This meant Nigeria met 104 per cent of the 1.5 mbpd crude oil production quota set by OPEC.

In strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June was the highest that Africa’s biggest oil producer had recorded since April 2020, thus representing a 74-month high.

Biodun556:
Bandits are disappearing, bokoharam vanishing, price of rice reducing, workers are getting increment on their salary , road construction all over the country yet enemies of progress are not happy

Biodun556:
Bandits are disappearing, bokoharam vanishing, price of rice reducing, workers are getting increment on their salary , road construction all over the country yet enemies of progress are not happy

henrybomb:
Jokes on you
Count your teeth with tongue properly and confirm if all you have said is true.

helinues:
Just say it that you are bitter about this development news

henrybomb:
Which development?
You wan start this your blind argument because I don’t know where this “I am bitter about this development news” thingy is coming from.


Banditry is still on the rise
Inflation is not stopping anytime soon
People cannot still afford basic needs
The country is soooo good as you claimed and the embassy is filled to the brim.

Off your mic my gee don’t start this morning

helinues:
Do the crying slowly. How did banditry take enter OPEC quota that we met.

Is it that some of you can't even think of something superior before opposing the government?

henrybomb:
Obviously you just jumped on the thread and blind too not to know that I wasn’t referring to OPEC quota
I was quoting someone under the OPEC thread…you have this habit of going berserk and bonkers if one do not align with your thoughts or opinions.

Go back to that thread and see who is not minding his business

helinues:
Point out to the lies in what the guy wrote. Name the sectors we have and how many are not working

helinues:
Point out to the lies in what the guy wrote. Name the sectors we have and how many are not working

henrybomb:
Oga stop beating around bush
I quoted what he said and you are here telling me about how I was quoting OPEC…are you smart at all?

You are not in the best position to tell me what to say and not what to say…I said what I said go call your police.

henrybomb:
Point it out yourself
It is visible to blind and audible to the deaf…learn to read slowly and react to things in a subtle and civil manner.

Kukutente23:
Yet borrowing as if tomorrow no dey
From the beginning of this year, crude price has been above $80 and the budget benchmark is $67 giving a $13 differential

Obasanjo had only a $5 differential and he quickly opened the ECA which was part of what was later used to pay the $30bn debt

Where's the ECA for today's boom? Where's the SWF? The SWF is still having the same balance Buhari left it at

When looters rule, the pockets run dry

Kingpele:
3

iwaeda:
Congratulations, but why are we still borrowing like the graveyards. We make at least $22 per barrel over the bench mark. Prodigal politicians.

Kingpele:
Where's the money generated even as constant borrowing continues

helinues:
I am not telling you what to do, I only advise you to stop getting bitter about Nigeria's progress.

The OPEC quota which the thread is all about, the bitterness in you can't commend the government for meeting up , while the comments of the op you want to undermine, there have been improvement even in Security and Power sectors

henrybomb:
You overuse the word “bitterness” or you don’t know how to use it.

When one criticizes the government some of you tagged “bitterness”
We are still struggling with a lot of things in Nigeria.

Insecurity is still at its peak
Unemployment is still there
Basic commodities is wayyy too expensive
Businesses are closing down because high of cost of goods and services
So because we have met OPEC quota I shouldn’t talk about all those things I mentioned above?

Unless you want to be slow with your thought you should know I have no issues with the OPEC quota but you just want to play the “ government is sooo good and I have fixed everything”

OPEC quota is great good
But is the country better NO is where I quoted that person…stop this merry-go-around argument

Biodun556:
Bandits are disappearing, bokoharam vanishing, price of rice reducing, workers are getting increment on their salary , road construction all over the country yet enemies of progress are not happy

helinues:
Those with burry vision can be right for not seeing any of the efforts of this government

Basic123:
Nigerians and their very unintelligent and Ignorant ways of contributing to national issues