Nigeria’s Crude Production Hits 1.47mbpd in June

 Nigeria’s Crude Production Hits 1.47mbpd in June

Nigeria’s crude oil, blended and unblended condensate production surged to 1.473 million barrels per day in June, according to a new report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

Data from the country’s upstream regulatory authority showed that the country’s oil production climbed by 3.14 percent from 1.42 million bpd in May of this year. It increased by 4.93 percent year on year from 1.40 million bpd.

The average monthly crude oil production was 1.24 million barrels per day. While blended and unblended condensates had production rates of 55,088 and 176,030 bpd, respectively.

Crude oil is a natural liquid extracted from the earth. Unblended condensate is generated by mixing natural gas liquids, whereas blended condensate remains pure after separation from raw natural gas.

According to the upstream regulatory authority, key oil ports such as Qua Iboe, Forcados, and Escravos saw an increase in output.

Oil output climbed from 1.9 million barrels to 4.1 million barrels in Qua Iboe, from 5.7 million barrels to 7 million barrels in Forcados, and from 3.9 million barrels to 4.7 million barrels in the Escravos oil terminal.

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