Nigeria’s oil production has seen a significant increase, with output rising to 1.71 million barrels per day in July 2025. According to the Nigerian Upstream Petroleum Regulatory Commission, this represents a 9.9% year-on-year surge from the 1.56 million barrels per day recorded in July 2024. The latest figures comprise 1.507 million barrels per day of crude oil and 204,864 barrels per day of condensates.
On a month-on-month basis, output increased by 0.89% compared to the 1.69 million barrels per day recorded in June 2025. The NUPRC statistics also showed variations in output at different terminals, with Forcados recording the highest output in July 2025 at 9.04 million barrels, a 2.1% increase from the previous month. The Bonny terminal saw a 12.7% increase in production, while the Qua Iboe terminal experienced a slight decline.
The increase in oil production comes amid concerns over crude theft and pipeline vandalism in the oil-rich Niger Delta region. The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, recently highlighted the issue of international cartels exploiting security gaps to steal crude oil. However, Ojulari also noted that the efforts of security agencies have led to a significant improvement in the operating environment, with pipeline availability and crude oil receipt increasing to nearly 100%.
Nigeria’s 2025 federal budget is based on an oil benchmark price of $75 per barrel and a production target of 2.06 million barrels per day. While the target has not yet been met, the increase in oil production is a positive development for the country’s energy sector. The Nigerian government has been working to address the issue of crude theft and pipeline vandalism, and the latest figures suggest that these efforts are yielding results.
The increase in oil production is also expected to have a positive impact on Nigeria’s economy, which has been affected by the decline in oil prices in recent years. The country’s energy sector is a key driver of economic growth, and the increase in oil production is likely to contribute to improved economic performance. As the Nigerian government continues to work to address the challenges facing the energy sector, the latest figures provide a welcome boost to the country’s economy.
