Categories: Local News

Nigeria Sustains OPEC Target for Sixth Month Running

Nigeria’s crude output has remained above its OPEC allocation for six months in a row, latest figures from the upstream regulator have shown.

According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the country averaged 1.68 million barrels per day in combined crude oil and condensate production throughout October 2026.

Daily output fluctuated between a high of 1.79 million barrels and a low of 1.60 million barrels during the period under review.

When condensate is stripped out, pure crude production averaged 1.51 million barrels per day – slightly above the 1.5 million barrels per day ceiling set for Nigeria by the Organisation of Petroleum Exporting Countries (OPEC).

NUPRC’s spokesperson, Eniola Akinkuotu, who disclosed the figures in a statement, said the October performance extends Nigeria’s streak of meeting its quota.

He listed the country’s crude-only output in recent months as 1.53 million bpd in May, 1.55 million bpd in June, 1.51 million bpd in July, 1.50 million bpd in August, 1.53 million bpd in September, and 1.51 million bpd in October.

Despite the steady quota compliance, total output dipped by 1.7 percent compared to September.

The commission linked the sustained performance to greater stability in operations, improved facility uptime and more efficient evacuation of crude.

Akinkuotu quoted the commission as saying: “The sustained growth recorded in October reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector.”

On a terminal-by-terminal basis, Forcados was the biggest contributor, pumping an average of 318,490 bpd, closely followed by Bonny Terminal at 311,020 bpd.

Qua Iboe averaged 173,970 bpd, Escravos 134,670 bpd, and Bonga 106,650 bpd to complete the top five producing terminals for the month.

News desk

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