Categories: BusinessNews

Oil Production Hits 1.35million Barrels/day, the Highest in 2023

The Nigeria’s crude oil output rises to an all-time high of 1.35 million barrels per day in September 2023, as the country pumped its highest volume of crude oil so far since this year.

Latest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC on Wednesday, showed that the country’s output in September was about 14 per cent higher than what it pumped in the preceding month of August 2023.

Data from the commission indicated that in September, Nigeria’s crude oil production, excluding condensates was precisely 1.34million barrels per day, which was a 165,429bpd increase when compared to the 1,18 million barrels per day produced in August this year.

Production figures showed that Nigeria’s oil production in September was the highest output so far recorded by the country this year.

The Federal Government has been making concerted efforts to shore-up the country’s oil production, which is far below the about 1.8 million barrels per day quota approved for Nigeria by the Organisation of Petroleum Exporting Countries, OPEC.

VOP Lagos

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