Nigeria’s 2mbpd target remains elusive as output hits 1.55m in Q1

Nigeria’s ambition to ramp up crude oil production to 2 million barrels per day (bpd) remains out of reach, as output averaged 1.55 million bpd in the first quarter of 2026, highlighting persistent structural challenges in the country’s oil sector. Latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria’s crude output […] read more Nigeria’s 2mbpd target remains elusive as output hits 1.55m in Q1

Nigeria’s 2mbpd target remains elusive as output hits 1.55m in Q1

Nigeria’s ambition to ramp up crude oil production to 2 million barrels per day (bpd) remains out of reach, as output averaged 1.55 million bpd in the first quarter of 2026, highlighting persistent structural challenges in the country’s oil sector. Latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that Nigeria’s crude output […]

read more Nigeria’s 2mbpd target remains elusive as output hits 1.55m in Q1