Nigeria’s Oil Output Hits 12-Month High at 1.71m bpd, Boosting Naira and Reserves

• Nigeria’s crude oil production has jumped to a 12-month high in July, hitting 1.71 million barrels per day in July
• The figure contrasts with the 1.507 million barrels per day recorded in June and represents a 10% yearly increase
• Experts say the resurgence in Nigeria’s crude production shows the country’s effort to improve its fortunes

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Nigeria’s crude oil production saw a significant leap in July 2025, rising to 1.71 million barrels per day.

Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed the development.

Nigeria’s crude production rose 10%

According to the report, the figure comprised 1.507 million barrels per day of crude oil and 204,864 barrels per day of condensates.

The data shows a 9.9% yearly increase, up from the 1.56 million bpd recorded in July last year, which stood at 1.33mpd of crude oil and 226.866 million bpd of condensates.

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The NUPRC’s announcement comes amid the Africa Chiefs of Staff Conference in Abuja, where the Group CEO of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, disclosed the figures.

The NNPC boss said specialised international and continental cartels exploit security loopholes to steal crude from Nigeria and Africa.

Breakdown of oil terminals’ production

The NUPRC data showed that monthly, Nigeria’s crude output increased by 0.89% relative to the 1.69 million bpd recorded in June 2025.

A monthly breakdown showed that Forcados recorded the highest output in July, with an average production of 9.04 million barrels per day, a 2.1% rise from 8.85 million barrels per day in June.

Output from the Bonny terminal rose to 8.07 million barrels in July, representing a 12.7% rise relative to 7.16 million barrels recorded in June.

The Qua Iboe terminal produced 4.55 million barrels in July, lower than the 5.08 million barrels produced in June.

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Escravos crude production climbed 7.1% to 4.47 million barrels in July, from 4.17 million barrels in June.

The Bonga field production pumped 3.6mbpd in July, showing a 4.2% rise from 3.53 million barrels in June.

The Odudu terminal released 2.12 million barrels in the month under review, relative to 2.06mbpd in June.

Tulja-Okwuibome terminal pumped 2.08 million barrels in July from the 2.02 million barrels recorded in June.

Also, output from the Brass terminal jumped 27% from 877.975 in June last year to 1.12 million barrels in July 2025.

Nigeria sets 2025 oil production goal

Nigeria benchmarked its 2025 budget at $75 per barrel and a production target of 2.06 million.

The country has yet to hit that target, which experts blamed on crude oil theft and pipeline vandalism in oil-producing states.

The Nigerian government has set an ambitious target of 2.06 million barrels of crude oil production daily.

Nigeria’s fight against oil theft

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The NNPC boss asked participants at the conference to collaborate to handle oil theft and synergise against oil and infrastructure theft.

He said oil theft and vandalism in the oil-rich states have been largely curtailed due to the efforts of security personnel.

Experts have hailed the resurgence in Nigeria’s crude production, which rose to 1.8 million last month.

According to them, the development will lead to a rise in the nation’s external reserves, which will act as a buffer against the naira’s depreciation.

A previous report by Legit.ng disclosed that Nigeria’s external reserves surged above $41 billion, and have helped to keep the naira relatively stable.

Delta leads oil production in Nigeria

Legit.ng earlier reported that Delta state has cemented its place as Nigeria’s most productive oil state, according to fresh data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

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Covering the period from November 2023 to September 2024, the report showed that Delta alone produced a staggering 99.9 million barrels of crude oil and condensate, the highest output by any state during the period.

This volume represented more than one-third of Nigeria’s total attributed production of 295.34 million barrels.

Source: Legit.ng