• About
  • Advertise
  • Privacy & Policy
  • Contact
Research Television
Advertisement
  • Home
  • Research News
    • World
    • Africa
    • Europe
    • Asia
    • Pacific
    • Oceanic
    • Politics
  • Research Business
    • Agriculture
    • Energy
    • Manufacturing
    • Services
    • Tech
  • Research Style
    • Community
    • Culture
  • Research Entertainment
    • Movies
    • Music
  • Research Technology
    • Innovation
    • Science
  • Research Education
  • Research Environment
  • Research Health
  • Research Security
  • Research Sports
    • Football
    • Basketball
    • Golf
    • Tennis
  • Research Religion
  • LIVE
No Result
View All Result
  • Home
  • Research News
    • World
    • Africa
    • Europe
    • Asia
    • Pacific
    • Oceanic
    • Politics
  • Research Business
    • Agriculture
    • Energy
    • Manufacturing
    • Services
    • Tech
  • Research Style
    • Community
    • Culture
  • Research Entertainment
    • Movies
    • Music
  • Research Technology
    • Innovation
    • Science
  • Research Education
  • Research Environment
  • Research Health
  • Research Security
  • Research Sports
    • Football
    • Basketball
    • Golf
    • Tennis
  • Research Religion
  • LIVE
No Result
View All Result
Research Television
No Result
View All Result
Home Research Business Energy

Nigeria meets 104% OPEC quota as crude production hits 74-month high

ResTV by ResTV
July 15, 2026
in Energy
0
Crude prices decline on rising supplies from Middle East
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Nigeria’s crude oil and condensate production rose to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a fourth consecutive month. This was disclosed in a statement by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The statement, signed by the NUPRC spokesperson, Eniola Akinkuotu, said in the month under review, crude oil production hit 1.56 mbpd while 0.18 mbpd of condensates was produced, indicating that Nigeria met 104 percent of the 1.5 mbpd crude oil production quota set by the Organisation of Petroleum Exporting Countries (OPEC).

In strict crude oil terms (excluding condensates), the 1.56 million daily average production Nigeria witnessed in June is the highest that Africa’s biggest oil producer has recorded since April 2020, thus representing a 74-month high. In June, the peak combined crude oil and condensate production was 1.89 mbpd, reflecting Nigeria’s potential to reach 2mbpd in the near term.

However, the lowest production was 1.57 mbpd for the period in review. The statistics show that Nigeria has maintained an upward trajectory, increasing from 1.483 mbpd in February to 1.546 mbpd in March, 1.663 mbpd in April, 1.700 mbpd in May, and 1.735 mbpd in June, representing a 2.2 percent growth month on month.

The improved performance was primarily driven by stable production operations across most producing assets and the absence of any major pipeline outages during the period under review. This enhanced operational stability supported improved production uptime and crude evacuation efficiency.

Although a limited number of assets experienced short-duration operational shutdowns, the overall impact on national production was minimal. In addition, scheduled turnaround maintenance activities were effectively managed and completed without significant disruption to production operations.

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.

A breakdown of the daily average crude oil and condensate production by terminals/streams during the review month shows that Bonny Terminal accounted for 318.28 kbpd, up from 293.88 kbpd recorded in May 2026 while Forcados Terminal followed with 306.36 kbpd, an increase from 289.90 kbpd in May 2026.

Qua Iboe Terminal recorded an average production of 164.73 kbpd of crude oil and condensates, down from 173.36 kbpd in May 2026, while Escravos Oil Terminal posted a daily average of 138.03 kbpd, up from 135.47 kbpd recorded in May 2026.

Bonga ranked as the fifthhighest producing terminal, recording an average of 103.66 kbpd of crude oil, compared to 102.54 kbpd delivered in May 2023.

ResTV

ResTV

Stay Connected test

  • 23.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
7 Key Things to Know About the Nile University EMBA Program

7 Key Things to Know About the Nile University EMBA Program

May 30, 2025
yamal

Yamal Shines as Barcelona Clinch La Liga Title and Complete Domestic Treble

May 30, 2025
trump in doha

Trump Lifts Sanctions on Syria Following Historic Meeting with President al-Sharaa

May 30, 2025
President Tinubu to Attend Pope Leo XIV’s Inauguration in Rome

President Tinubu to Attend Pope Leo XIV’s Inauguration in Rome

May 30, 2025
Dangote, Trump Exchange Pleasantries During High-Profile Visit To Qatar

Dangote, Trump Exchange Pleasantries During High-Profile Visit To Qatar

1
wimmer mike

Teenage Prodigy Mike Wimmer Unveils his Invention at Graduation

0
solar probe

Parker Solar Probe Brings Humanity Closer Than Ever to the Sun

0
JD Vance

VP Vance: Ukraine War Far From Over, US Role Now About ‘Finding Middle Ground’

0
Dangote Refinery increases petrol price from N699 to N799/litre, assures steady supply

Nigerians risk higher petrol price if Dangote sells in dollars, IPMAN, CORAN warn

July 15, 2026
UAE to double oil export, bypassing Hormuz Strait by 2027

Oil prices hit 1-month high as renewed hostilities mount further pressure on Hormuz

July 15, 2026
Oando posts N204.8bn profit in annual report

Oando posts N204.8bn profit in annual report

July 15, 2026
South Africa planning first reserves boost years after Apartheid

South Africa planning first reserves boost years after Apartheid

July 15, 2026

Recent News

Dangote Refinery increases petrol price from N699 to N799/litre, assures steady supply

Nigerians risk higher petrol price if Dangote sells in dollars, IPMAN, CORAN warn

July 15, 2026
UAE to double oil export, bypassing Hormuz Strait by 2027

Oil prices hit 1-month high as renewed hostilities mount further pressure on Hormuz

July 15, 2026
Oando posts N204.8bn profit in annual report

Oando posts N204.8bn profit in annual report

July 15, 2026
South Africa planning first reserves boost years after Apartheid

South Africa planning first reserves boost years after Apartheid

July 15, 2026
Research Television

Research is in everything and everything is in research

Follow Us

Centre for Petroleum, Pollution and Corrosion Control

African Journal of Engineering and Environmental Research

Research Newspaper

Browse by Category

  • Africa
  • Agriculture
  • Asia
  • Basketball
  • Community
  • Culture
  • Energy
  • Europe
  • Football
  • Golf
  • Innovation
  • Manufacturing
  • Movies
  • Pacific
  • Politics
  • Research Automobile
  • Research Business
  • Research Education
  • Research Entertainment
  • Research Environment
  • Research Health
  • Research News
  • Research Religion
  • Research Security
  • Research Sports
  • Research Style
  • Research Technology
  • Science
  • Services
  • Tech
  • Uncategorized
  • World

Recent News

Dangote Refinery increases petrol price from N699 to N799/litre, assures steady supply

Nigerians risk higher petrol price if Dangote sells in dollars, IPMAN, CORAN warn

July 15, 2026
UAE to double oil export, bypassing Hormuz Strait by 2027

Oil prices hit 1-month high as renewed hostilities mount further pressure on Hormuz

July 15, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2026 Research Television.

No Result
View All Result

© 2026 Research Television.