None
EN
Nigeria Meets OPEC Quota for Third Straight Month, Produces 1.67mbpd in July—NUPRC
['Nse Anthony-Uko Is A Business', "Financial Journalist With Over Two Decades Of Experience Covering Nigeria'S Financial System", 'Economy', 'Energy Sector', 'Corporate Landscape', 'Global Economic Developments. Her Expertise Blends Frontline Journalism With Editorial Leadership', 'A Strong Grasp Of Financial Market Dynamics. She Has Earned Multiple Professional Recognitions', 'Was Selected For The International Visitors Leadership Programme', 'Ivlp', 'In The United States.']
Leadership Newspapers
Nigeria met its OPEC production quota for the third straight month in July, producing a combined 1.67 million barrels per day (mbpd) of crude oil and condensate, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said on Wednesday.
NUPRC data showed crude oil output averaged 1.505mbpd in July, while condensate added 0.17mbpd, taking the combined daily average to 1.67mbpd.
The regulator said peak daily production reached 1.78mbpd and the lowest daily output was 1.57mbpd during the month.
“Despite some operational problems at a few fields, Nigeria met the OPEC quota of 1.5mbpd in July,” a NUPRC spokesperson said.
“Disruptions at Erha and Akpo constrained volumes and were a significant factor in the production shortfall for the month,” the spokesperson said.