Crude Oil Production Declines by 5 Percent in February, Says NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said crude oil production declined by 5 per cent in February 2025 to an average of 1.67million barrels per day (bpd) from an average of 1.73 million bpd in January 2025.
In January, average crude oil production was 98 per cent of the 1.5million bpd Organisation of Petroleum Exporting Countries (OPEC) quota for the country.
This was contained in NUPRC document titled: “Crude Oil and Condensate Production February 2025.”
The document said: “Lowest and Peak production in February was 1.60million bpd and 2.76 million bpd respectively.
“The daily average production in February was 1,671,953 barrels per day comprising of both crude oil (1,465,006bpd) and condensate (206,948bpd).
“The daily average production in February was 1,671,953 barrels per day comprising of both crude oil (1,465,006bpd) and condensate (206,948bpd).
“The average crude oil production was 98 % of OPEC quota (1.5mbpd).”
NUPRC said in February, the country produced 57,132bpd of blended condensate and 149,816bpd of unblended condensate.
In January, NUPRC said Nigeria exceeded the OPEC quota by 3 per cent when it produced 1.73bpd.
📢 Follow National Periscope on WhatsApp
Get breaking news and updates directly on WhatsApp.
Join WhatsApp ChannelPost Disclaimer
All rights reserved. This material and other digital content on this website are not and do not represent the stance of National Periscope but the statements of newsmakers mentioned therein.
For your detailed news reportage... contact the Editor at Joel2oladele@gmail.com
Modular refineries will address Nigeria’s energy challenges-FG The Federal Government Read more
Atiku berates CBN’s takeover of sales proceeds from NNPCL, says Read more
CBN still still lacks enough Forex to clear backlog - Read more
At least 2,644 civilians and 304 security personnel were killed Read more