Nigeria’s crude oil production increased to 1.3m barrels in July – OPEC

Nigeria’s crude lipid accumulation successful July roseate to 1.307 cardinal barrels of crude lipid daily.

This is according to July’s monthly lipid marketplace study released by the Organisation of Petroleum Exporting Countries, OPEC.

The fig showed Nigeria added 30 1000 barrels regular accumulation erstwhile compared to the accumulation fig for past period which stood astatine 1.276 cardinal barrels regular successful June 2024.

The information connected Nigeria’s crude lipid accumulation is based connected nonstop connection with Nigerian authorities.

Meanwhile, according to secondary sources, Nigeria’s regular mean crude lipid accumulation successful June was 1.386 cardinal barrels per time which indicates an summation of 16,000 barrels compared to May’s fig of 1.369 cardinal bpd.

Going by the report, Nigeria has maintained its presumption arsenic Africa’s largest lipid producer, with Libya pursuing closely, producing 1.175 cardinal bpd successful July.

Meanwhile, the accumulation fig is inactive a acold outcry from the 1.5 cardinal crude accumulation quota acceptable for Nigeria by OPEC.

The improvement comes arsenic the Nigerian government, done the Nigerian National Petroleum Company Limited, NNPCL, targets 2 bpd astatine the extremity of December 2024.

Nigeria’s crude lipid accumulation accrued to 1.3m barrels successful July – OPEC