Nigeria Meets OPEC Quota for Fifth Month as Output Hits 1.72m bpd

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Nigeria Meets OPEC Quota for Fifth Month as Output Hits 1.72m bpd

ABUJA — Nigeria's crude oil and condensate production averaged 1,717,030 barrels per day in September, up 2.34 per cent from August, the Nigerian Upstream Petroleum Regulatory Commission said on Tuesday. Output peaked at 1.84 million bpd on one day. Crude oil alone averaged 1.53 million bpd, above the 1.5 million bpd quota set by OPEC, for the fifth month in a row. The Forcados terminal recorded the highest output at 320,320 bpd, followed by Bonny. The regulator credited stable operations and the absence of major pipeline outages.

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