OPEC: Nigeria’s Crude Output Surpasses 1.5mbpd, First Time In 4 Years

Leadership | 08-01-2025 03:55pm |

Nigeria’s crude oil production has surpassed 1.5 million barrels per day (mbpd) for the first time in four years, surpassing its December 2024 quota set by the Organisation of Petroleum Exporting Countries (OPEC). The output, which is excluding condensates, signifies a resurgence that is crucial for Nigeria’s economy, heavily reliant on oil revenues amid ongoing [...]

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