July 16, (THEWILL) — Nigeria’s oil output on a month-on-month (MoM) basis rose to 1.505 million barrels per day (bpd) in June 2025, data from the Organisation of the Petroleum Exporting Countries (OPEC) Monthly Market Oil Report (MOMR) indicated
According to the June report released on Tuesday, this is 0.052 bpd increase from 1.453 million bpd, recorded in the preceding month of May 2025 and 100% of the average crude oil production quota of 1.5mbpd stipulated by the Organisation of Petroleum Exporting Countries (OPEC).
This is the second time it has met its 1.5 million bpd quota this year. In January, Nigeria’s crude oil production rose to 1.54 million bpd, but dropped in the following months. Nigeria’s output had hovered at 1.1mb/d in 2023, 1.3mb/d in 2024, and then 1.4mb/d since February 2025.
OPEC had, in November 2023, approved a daily production quota of 1.5 million bpd for Nigeria, but meeting that target has been eluding Nigeria, month on month.
According to the data, the crude oil production figure was based on direct communication received from Nigeria as a member of the OPEC body.
Meanwhile, Nigeria is seeking a production target under the OPEC+ agreement of 2 million barrels per day (bpd) for 2027, up from the current quota of 1.5 million bpd.
Group Chief Executive Officer (GCEO) of NNPC, Bayo Ojulari, disclosed this at the 9th OPEC International Seminar in Vienna.
Nigeria has been pumping oil below its output quota for years, but has recently ramped up production, which now stands at about 1.505 million bpd.
While OPEC+ delegates have started talks about establishing the baselines for individual members’ production quotas for 2027, Ojularisaid, Nigeria will seek production capacity of 2.4 million bpd and a production target of 2 million bpd, including 1.7 million bpd of crude oil and 300,000 bpd of condensate output.
Oil theft and pipeline vandalism have long plagued Nigeria’s upstream oil and gas industry, driving majors out of the biggest OPEC producer in Africa and often resulting in force majeure at the key crude oil export terminals.
However, the President Bola Tinubu administration has recorded successful clamp down on oil theft, resulting in increase of oil and gas output in recent months.
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