Nigeria's oil taps are running fuller than they have in over a year. The Nigerian Upstream Petroleum Regulatory Commission reports that the country's average total hydrocarbon output has reached 1.7 million barrels per day, a 15-month high that pushes production past the country's OPEC quota.
That figure includes condensate production of 170,446 barrels per day, which the commission counts as part of the overall hydrocarbon number.
For a country that has spent years watching its output slip below targets due to theft, infrastructure decay, and funding gaps, hitting this kind of milestone is a real signal. Whether Nigeria can hold this pace, and what it means for its standing within OPEC, is the conversation worth watching now.
Originally published by Premium Times.