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

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights