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Nigeria crude oil production drops 4.7 percent

Nigeria’s crude oil production fell in August, dropping to 1.63 million barrels per day from 1.71 million barrels per day in July. […]

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Nigeria’s crude oil production fell in August, dropping to 1.63 million barrels per day from 1.71 million barrels per day in July. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) attributed the decline primarily to unscheduled maintenance at a refinery facility. This information appears in the commission’s Crude Oil and Condensate Production report for August 2025.

The reduction represents a 4.7 percent decrease in combined crude oil and condensate output, with crude oil production alone down 4.8 percent from July’s 1.5 million barrels per day. In August, the lowest and highest combined crude‑oil‑and‑condensate production levels were 1.59 million and 1.85 million barrels per day, respectively. Daily condensate production stood at 197,229 barrels, also reflecting a month‑on‑month decline.

Despite the monthly drop, Nigeria’s crude oil output rose 5.5 percent year‑on‑year, increasing from 1.58 million barrels per day in August 2024 to 1.63 million barrels per day in August 2025. The country achieved 96 percent of its OPEC quota of 1.5 million barrels per day during the month. The Forcados Terminal emerged as the top producer, delivering a total of 8.99 million barrels—8.08 million barrels of crude oil and 915,200 barrels of condensates.

The NUPRC report highlights how maintenance activities can affect Nigeria’s oil production trends, with potential implications for oil revenue and the broader economy. As the nation navigates the complexities of the global oil market, close monitoring of production levels and timely resolution of maintenance issues will be essential for optimizing output and meeting OPEC quotas.

Ifunanya

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