Skip to content

Gossip News

All gossip news and events

Konga Advert
Menu
  • Home
  • Business & Economy
  • Local News
  • Politics
  • World News
  • Privacy Policy
Menu
PIA

Nigeria meets 96% OPEC quota in Aug., as output averages 1.63mbpd – NUPRC

Posted on September 20, 2025 by Admin

Sept. 20, 2025

Nigeria’s upstream oil sector has recorded a year-on-year output increase, averaging 1.63 million barrels per day (bpd) of crude oil and condensates in August 2025,

This is an improvement from 1.58 million bpd in the same period 2024.

This is based on Crude Oil and Condensate Production for August 2025 report, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Saturday.

The report was signed by its Head, Media and Strategic Communications, Eniola Akinkuotu.

It said that Nigeria’s crude oil output in August met 96 per cent of its Organisation of the Petroleum Exporting Countries (OPEC) quota, set at 1.5mbpd.

It said that the performance demonstrated the country’s capacity to meet its production targets under the OPEC agreement.

See also  Nigeria, Qatar strengthen partnership against illicit drug trafficking

“A breakdown of August 2025 production comprised 1.43 million bopd of crude oil, which grew by 5.47 per cent compared to August 2024, which posted a daily crude oil average of 1.36 million bopd.

“This reflects a steady recovery and improved operational performance across the industry,” it said.

According to the report, the daily condensate production in August stood at 197,229 bpd, reflecting a slight decline from 220,435 bpd in August 2024.

It said that on a month-on-month basis, there was a slight drop of 4.7 per cent in combined crude oil and condensate production from 1.71 million bopd in July.

“Similarly, crude oil production itself declined by 4.8 per cent, down from 1.5 million bopd in July 2025.

See also  Crude oil losses drop to 16-year-low – NUPRC

“The month-on-month drop was driven by a single day unscheduled maintenance at an oil facility.

“In the month of August, the lowest and peak combined crude and condensate production were 1.59 million bopd and 1.85 million bopd respectively.

“In the month under review, Forcados Terminal topped the production charts, delivering a total of 8.99 million barrels, including 8.08 million barrels of crude oil and 915.2k barrels of condensates,” it said.

It said Bonny Terminal followed closely, after producing a combined 6.26 million barrels, consisting of 5.8 million barrels of crude and 418,270 barrels of condensates.

Meanwhile, the report said that Qua Iboe Terminal recorded a total of 4.99 million barrels, with 4.94 million barrels of crude and 50, 500 barrels of condensates.

See also  Delta to present over ₦1 trillion budget for 2026, targets 67% capital expenditure

It said that Escravos Oil Terminal also made a solid contribution, producing 4.18 million barrels, comprised of 4.08 million barrels of crude oil and 107k barrels of condensate.

Related Posts

  • OPEC
    OPEC oil output rises further in August - Survey shows

    September 4, 2025 OPEC's oil output rose further in August after an OPEC+ agreement to…

  • reserves crude oil
    Nigeria boosts oil output, drilling activity as reforms attract investment

    October 2, 2025 Nigeria has boosted daily crude oil output to between 1.7 million and…

  • crude oil
    Oil rises after OPEC+ hikes output less than expected

    October 6, 2025 Oil prices rose more than 1% on Monday after OPEC+'s planned production…

ADVERTISEMENT

NCC Advert

Tinubu Advert

Advert

Recent Posts

  • Alleged Emefiele’s $4.5bn Fraud : Court Adjourns Forensic Inspection of Exhibit to January 2026
  • FG closes 41 Unity Colleges over insecurity
  • Education district IV hosts Duke of Edinburgh, Prince Edward
  • Tinubu, Oborevwori and Delta security, by Ray Umukoro
  • Reps resume hearing on alleged N1.2trn agric intervention fund misappropriation

Categories

  • Home
  • Business & Economy
  • Local News
  • Politics
  • World News
  • Privacy Policy

ADVERTISEMENT

Recent Posts

  • Alleged Emefiele’s $4.5bn Fraud : Court Adjourns Forensic Inspection of Exhibit to January 2026 November 22, 2025
  • FG closes 41 Unity Colleges over insecurity November 22, 2025
  • Education district IV hosts Duke of Edinburgh, Prince Edward November 22, 2025
  • Tinubu, Oborevwori and Delta security, by Ray Umukoro November 20, 2025
©2025 Gossip News

...
►
Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.
None
►
Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.
None
►
Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.
None
►
Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.
None
►
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
None