The Nigerian National Petroleum Company Limited (NNPC) says it plans to approach the Organisation of the Petroleum Exporting Countries (OPEC) to request a 25% increase in Nigeria’s crude oil production quota, citing optimism over rising national output.
Speaking in a report published by Argus Media, Group Chief Executive Officer Bashir Ojulari revealed that Nigeria is also targeting a production milestone of 2 million barrels per day (bpd) by 2027, and intends to be part of upcoming talks over the review of member country production capacities.
Currently, Nigeria’s OPEC crude quota stands at 1.5 million bpd, but actual production is slightly lower at around 1.4 million bpd. When condensates—estimated at around 250,000 bpd—are included, Nigeria’s total daily output hovers around 1.65 million bpd, nearly reaching its effective production ceiling.
According to Argus, Nigeria’s May 2025 production was estimated at just under 1.6 million bpd, a figure that includes production from the Agbami field, which Nigeria classifies as condensate due to its light sweet characteristics.
Ojulari stated that the country is confident in scaling up production sustainably and is actively working to stabilise output and attract investments across upstream operations.
The proposed quota increase, if approved, would improve Nigeria’s export earnings, fiscal position, and investor confidence, especially as the government ramps up oil sector reforms to reduce theft, improve infrastructure, and secure funding.
