Nigeria’s crude oil production rose to its highest level in six months in July, signalling a steady recovery after early-year declines, according to the latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Africa’s top oil producer pumped 1.507 million barrels per day (bpd) in July, slightly higher than the 1.505 million bpd recorded in June. The figures mean Nigeria has exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota for the second consecutive month.
Including condensates, total liquid hydrocarbon output reached 1.712 million bpd. NUPRC noted that combined crude and condensate production in July peaked at 1.84 million bpd, with the lowest level recorded at 1.66 million bpd.
