Nigeria meets OPEC quota for fifth consecutive month

Nigeria has met its crude oil production quota assigned by the Organisation of Petroleum Exporting Countries (OPEC) for the fifth consecutive month, recording an average output of 1.53 million barrels per day in September 2026.

The figure represents 102 per cent of Nigeria’s OPEC quota of 1.5 million barrels per day, excluding condensate, according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday.

The latest performance extends the country’s streak of meeting its production target, having recorded 1.53 million barrels per day in May, 1.55 million in June, 1.51 million in July and 1.5 million barrels per day in August.

The NUPRC data also showed that Nigeria’s average daily production of crude oil and condensate rose by 2.34 per cent to 1,717,030 barrels per day in September, compared with the previous month.

During the month under review, daily production peaked at 1.84 million barrels per day, while the lowest daily output stood at 1.68 million barrels per day.

The improved performance was attributed to stable production operations across most producing assets and the absence of major pipeline outages during the period.

According to the commission, the stability enhanced production uptime and crude oil evacuation efficiency, supporting the sustained improvement in output.

A breakdown of production by terminals and streams showed that Forcados Terminal recorded the highest daily average output of 320,320 barrels per day, followed by Bonny Terminal with 303,270 barrels per day.

“The sustained growth recorded in September reflects the continued commitment of operators and industry stakeholders towards improving operational efficiency, maintaining asset integrity, and enhancing production reliability across the Nigerian upstream petroleum sector,” it added.