Skip to content
September 27, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Nigeria’s June Oil Production Hits 1.73m bpd, Surpassing OPEC Quota at 74-Month High
  • Business & Economy

Nigeria’s June Oil Production Hits 1.73m bpd, Surpassing OPEC Quota at 74-Month High

Admin July 13, 2026
reserves crude oil
Crude oil barrels

…As Bonny, Forcados Terminals

Nigeria’s crude oil and condensate production climbed to a daily average of 1,735,398 barrels in June 2026, marking the country’s fourth consecutive month of positive output growth.

According to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Sunday, standalone crude oil production hit 1.56 million barrels per day (mbpd), while condensate production accounted for 0.18 mbpd.

With this performance, Nigeria successfully achieved 104% of its 1.5 mbpd crude oil production quota set by the Organisation of Petroleum Exporting Countries (OPEC).

Excluding condensates, the 1.56 mbpd crude average represents Africa’s largest oil producer’s highest output since April 2020, a 74-month high.

The NUPRC report highlighted that the nation’s peak combined production touched 1.89 mbpd during the month, signaling strong potential to hit the 2 mbpd mark in the near term. Conversely, the lowest recorded production during the period was 1.57 mbpd.

Nigeria has maintained a steady upward trajectory since the beginning of the year. Combined daily averages grew from 1.483 mbpd in February to 1.546 mbpd in March, 1.663 mbpd in April, 1.700 mbpd in May, and finally 1.735 mbpd in June, representing a 2.2% month-on-month growth.

Key Drivers of Growth
The NUPRC attributed the improved performance to stable operations across major producing assets and the complete absence of major pipeline outages. This operational stability significantly bolstered production uptime and evacuation efficiency.

While a few assets faced short-duration operational shutdowns, their impact on national output was minimal. Furthermore, scheduled turnaround maintenance activities were effectively managed without causing major disruptions.

“The sustained growth recorded in June 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,” the commission stated.

Terminal Breakdown
A breakdown of the daily average combined production by terminal revealed that Bonny Terminal led the country’s output, accounting for 318.28 kilobarrels per day (kbpd), up from 293.88 kbpd in May.

Forcados Terminal followed closely with 306.36 kbpd, an increase from 289.90 kbpd the previous month.

Escravos Oil Terminal posted a daily average of 138.03 kbpd, rising from 135.47 kbpd in May.

Bonga ranked as the fifth-highest producing stream, delivering an average of 103.66 kbpd compared to 102.54 kbpd in May.

Conversely, Qua Iboe Terminal experienced a slight dip, recording an average production of 164.73 kbpd, down from 173.36 kbpd in May.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: NUPRC opec

Post navigation

Previous Peter Obi to Keyamo: Your story is full of lies and false claims
Next From ‘Eze Nwanyi’ to ‘Surgeon’: Traditionalist Arrested Over Illegal C-Sections, Fatalities in Anambra

Related Stories

ICT Journalists honour Ernest Ndukwe with Lifetime Achievement Award
  • Business & Economy

ICT Journalists honour Ernest Ndukwe with Lifetime Achievement Award

September 26, 2026
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
  • Business & Economy

NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision

September 25, 2026
44 vessels to arrive Lagos ports with petroleum products, food, others- NPA greater efficiency
  • Business & Economy

44 vessels to arrive Lagos ports with petroleum products, food, others- NPA

September 25, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

ICT Journalists honour Ernest Ndukwe with Lifetime Achievement Award
  • Business & Economy

ICT Journalists honour Ernest Ndukwe with Lifetime Achievement Award

September 26, 2026
Peter Obi to Editors: Task politicians on issue-based campaigns Peter Obi
  • National News

Peter Obi to Editors: Task politicians on issue-based campaigns

September 26, 2026
Security Guard Detained in Niger Over Alleged Defilement, Murder of 11-Year-Old Girl Police
  • Crime and Justice

Security Guard Detained in Niger Over Alleged Defilement, Murder of 11-Year-Old Girl

September 25, 2026
Troops intercept 43 ISWAP Family Members, Rescue 9 Kidnap Victims in Multi-State Operations Troops
  • National News

Troops intercept 43 ISWAP Family Members, Rescue 9 Kidnap Victims in Multi-State Operations

September 25, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.