The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said in its latest crude oil and condensate production data for June 2022 that the country’s oil production increased to an average of 1.16 million barrels per day (bpd) in June from 1.02 million recorded in May 2022.
The figure rose more than 133,000 bpd, representing a 0.13 percent increase from May 2022 output.
The commission said in the report that with the addition of condensate, oil output grew to a total of 1.40 million bpd from 1.28 million posted last month.
In January, February, March and April, the country’s oil production averaged 1.39 million bpd, 1.25 million bpd, 1.24 million bpd and 1.22 million bpd, respectively.
Since April 2020, Nigeria’s output figures stood between 1.02 million bpd and 1.40 million — below the production quota set by the Organisation of Petroleum Exporting Countries (OPEC).
