As the onslaught in opposition to oil theft continued in the Niger Delta area, Nigeria’s crude oil output rose to 1.35 million barrels per day in September 2023, because the nation pumped its highest quantity of crude oil since this yr.
The newest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission on Wednesday confirmed that the nation’s output in September was about 14 per cent greater than it pumped in August 2023.
On a year-on-year evaluation, the determine is 412,000 bpd greater than what was produced in September 2022.
Data from the fee indicated that in September, Nigeria’s crude oil production (excluding condensates) was exactly 1,346,562 barrels per day, which was a 165,429bpd improve when in comparison with the 1,181,133bpd produced in August this yr.
Further evaluation of figures obtained from the NUPRC indicated that in January, February and March, the nation’s oil outputs had been 1,266,659 bpd, 1,292,240 bpd, and 1,266,737 bpd, respectively.
Also, in April, May, June and July, Nigeria produced 1,004,392bpd, 1,189,332bpd, 1,260,928bpd, and 1,089,089bpd respectively.
Therefore, the above crude oil production figures confirmed that Nigeria’s oil production in September was the highest output recorded by the nation this yr.
Media Talk Africa reported in September that the Nigerian National Petroleum Company Limited mentioned the nation loses $700 million month-to-month to vandalism of crude oil amenities.
