Nigeria Hits OPEC Oil Production Quota of 1.5 Million Barrels Per Day in June
Nigeria has achieved its assigned crude oil production quota of 1.5 million barrels per day (bpd) for the month of June 2025, marking a significant milestone in the country’s efforts to stabilize its oil output.
According to the latest Monthly Oil Market Report released by the Organisation of Petroleum Exporting Countries (OPEC), Nigeria produced approximately 1.505 million bpd in June based on direct communication from Nigerian authorities. This represents a 3.6% increase from the 1.453 million bpd reported in May.
Secondary sources, including independent energy intelligence platforms, put Nigeria’s production slightly higher at 1.547 million bpd for the same month. This discrepancy is typical in OPEC reporting, as both direct submissions from member states and independent assessments are documented.
The 1.5 million bpd production quota was set for Nigeria in November 2023 as part of OPEC’s ongoing efforts to balance the global oil market. Since then, the country has struggled to consistently meet the target due to operational and security challenges in the oil-producing Niger Delta region. June 2025 marks only the second time this year that Nigeria has reached or exceeded the quota, the first being in January.
Nigeria’s recent performance signals a positive shift in its oil production capabilities. Industry stakeholders attribute the improved output to enhanced pipeline security, increased production by local oil firms such as Seplat and Renaissance Africa Energy, and intensified government crackdowns on crude oil theft. The Nigerian National Petroleum Company Limited (NNPCL) confirmed that the country achieved 100% pipeline availability in June, contributing significantly to the production boost.
Despite this progress, Nigeria still falls short of the crude oil production benchmark set in its 2025 national budget, which assumes a daily output of 2.06 million barrels. The International Monetary Fund (IMF) and other fiscal monitors have raised concerns about the country’s ability to meet its budgetary projections, especially given fluctuating global oil prices that currently hover between $66 and $68 per barrel, below the government’s benchmark of $75.
Nigeria remains Africa’s largest oil producer, with June figures placing it well ahead of Algeria, which produced about 927,000 bpd during the same period. However, analysts caution that sustaining this level of output will require ongoing investment in infrastructure, security, and regulatory reforms.
The country’s oil sector continues to be a crucial driver of its economy, contributing significantly to foreign exchange earnings and government revenue. Meeting OPEC’s quota is expected to strengthen Nigeria’s position within the global oil market while supporting broader fiscal recovery efforts.
