Nigeria's crude oil production misses OPEC quota for eighth consecutive month
via Punch Nigeria3 min read
Nigeria's average daily crude oil production in March was 1.38 million barrels per day mbpd, falling short of the 1.5 mbpd quota set by the Organisation of the Petroleum Exporting Countries OPEC. This marks the eighth consecutive month since July 2025 that the country has failed to meet its OPEC quota. Although March saw a 69,000 bpd increase from February's 1.31 mbpd, the figure remains 117,000 bpd below the target. The country's inability to meet its quota is impacting oil export earnings and domestic refineries, which are facing feedstock shortages. The Nigerian National Petroleum Company Limited has reportedly begun efforts to secure crude oil supply for the Dangote Petroleum Refinery through third-party international traders. While the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission stated that oil production, including crude and condensate, reached 1.8 mbpd in March, an official from the commission expressed optimism that crude production would meet the OPEC quota in April, following the resumption of operations at assets undergoing turnaround maintenance.
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