Nigeria’s average daily crude oil production surpassed its quota set by the Organization of the Petroleum Exporting Countries (OPEC) in June 2025, marking the second time this year the nation has achieved this milestone. The country's output reached 1,505,474 barrels per day (bpd) in June, exceeding its OPEC quota of 1.5 million bpd by 0.4%, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This follows a similar achievement in January 2025.
The June figures represent a month-on-month improvement, with crude oil and condensate production combined totaling approximately 1.7 million bpd. In May, crude output was 1.45 million bpd, while combined crude and condensate stood at 1.65 million bpd.
Despite this positive trend, Nigeria's current production remains below the targeted 2.06 million bpd projected in the 2025 budget. Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), stated that the state-owned oil firm has seen improvements under its leadership, with production growing from about 1.56 million bpd in March to 1.63 million bpd (including condensates) by June. NNPCL aims to reach 1.9 million bpd by the end of the year.
Looking ahead, Nigeria plans to request a 25% increase in its OPEC production quota by 2027, aiming to raise it from 1.5 million bpd to 2 million bpd. This push is supported by growth in refining capacity and improved production capabilities, with a target capacity of 2.4 million bpd and production of 2 million bpd by 2027 (1.7 million bpd crude and 300,000 bpd condensate).
