Search

Nigeria Surpasses 1.8 Million bpd Oil Output, Exceeding OPEC Quota

Allen dreyfus Logo
© Allen Dreyfus
  • Nigeria’s oil production reaches 1.8 million barrels per day, surpassing its 1.5 million bpd OPEC quota.
  • Boost in gas production supports infrastructure, including the AKK pipeline.

Lagos, Nigeria – Nigeria has raised its crude oil output above 1.8 million barrels per day (bpd), exceeding the 1.5 million bpd quota set by OPEC, which the country struggled to achieve for much of the year. Mele Kyari, Group CEO of the Nigerian National Petroleum Company Limited (NNPC), announced the increase on Thursday during a meeting at NNPC Headquarters in Abuja, chaired by Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil).

Recent Business

Photo by Omotayo Tajudeen © Unsplash /Nigeria
Nigeria inflation drops to 14.45% in November as food prices ease
Read More »
African woman with basket on her head. Photo by Ariel Nathan Ada Mbita @ Unsplash
Fitch lifts Ivory Coast rating to BB, assigns a stable outlook
Read More »
Giant solar panel. Photo by Biel Morro @ Unsplash
Major boost for Mauritania's $40bn AMAN green hydrogen project
Read More »

Recent Politics

Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »
African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »

Latest Posts

Latest news insights