Nigeria’s crude oil production rose to a two-month high in April, showing signs of a modest recovery. However, the country still fell short of its production quota set by the Organization of the Petroleum Exporting Countries (OPEC).
According to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria produced an average of 1.486 million barrels per day (bpd) in April. This was an increase from 1.401 million bpd recorded in March and marked the highest output since February.
Despite the gain, the figure remained slightly below Nigeria’s OPEC quota of 1.5 million bpd. “The average crude oil production was 99 percent of the OPEC quota,” the NUPRC said in its report.
When condensates—both blended and unblended—are included, Nigeria’s total output for April reached 1.683 million bpd. However, OPEC quotas do not include condensates. The NUPRC reported that daily production in April ranged from 1.60 million bpd to 1.73 million bpd, with crude oil averaging 1,485,700 bpd and condensates contributing another 197,607 bpd.
Production levels in Nigeria have fluctuated in recent months. Output stood at 1.539 million bpd in January, dropped to 1.465 million bpd in February, declined further in March, and then rose again in April.
In February, President Bola Tinubu’s energy adviser, Olu Verheijen, said Nigeria aims to raise daily production to 2.7 million bpd of crude and condensates by 2027. She clarified that while OPEC only tracks crude output, Nigeria’s domestic target includes both crude and condensate.
OPEC continues to monitor compliance with its quotas among member states, as global oil markets remain sensitive to production changes.
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