Nigeria's Oil Production Up 10% in Year to 1.7 Million Barrels per Day: Reports
09:17 27.08.2025 (Updated: 09:24 27.08.2025)
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Nigeria's Oil Production Up 10% in Year to 1.7 Million Barrels per Day: Reports
From June to July of this year alone, the level of oil production in Nigeria rose by more than 800,000 barrels, local media reported, citing the Nigerian Petroleum Refining Regulatory Commission.
The 2025 budget sets a target of 2 million barrels per day, with calculations based on a price of $75 per barrel.
The scale of oil theft from fields, pipelines and terminals, which involves large regional and international criminal groups, has reportedly significantly decreased.
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