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).

You need an active subscription to continue reading this article.

Recent Business

Giza, Egypt. Photo by Phillip Wang @ Unsplash
Egypt sees record $26.6bn remittance surge as reforms pay off
Read More »
Mozambique fisherwomen. Photo by Antonella Ragazzoni @ Unsplash
African Development Bank renews $2m drought insurance for Mozambique
Read More »
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Dangote to double Nigeria refinery output to 1.4 million barrels daily
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Kenya faces political uncertainty after Raila Odinga’s death
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s opposition weakens as governors, lawmakers flock to ruling party
Read More »
Meknes, Morocco Photo @ Unsplash
Morocco’s Gen Z protests reignite nationwide for reform
Read More »

Latest Posts

Latest news insights