The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said the country exceeded its Organization of Petroleum Exporting Countries (OPEC) quota by 3 per cent in January 2025.
The quota allocated to Nigeria in the period under review was 1.5million barrels of crude oil per day but the country hit 1,538,679 bpd of crude oil.
Nigeria, according to NUPRC, produced 198,783 bpd, totalling an average of 1,737,480 bpd.
This was contained in a NUPRC document titled: “Crude Oil and Condensate Production January 2025.”
The document said, “Lowest and Peak production in January were 1.66million bpd and 1.79million bpd respectively.
“The daily average production in January was 1,737,680 barrels per day, consisting of both crude oil (1,538,697 bpd) and condensate (198,738 bpd).
“The average crude oil production was 103per cent of OPEC quota (1.5mbpd).”
