By Wilson Adekumola
Nigeria’s crude oil output reportedly rose to 1.35 million barrels per day in September 2023, as the country pumped its highest volume of crude oil this year.
This was revealed in latest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission on Wednesday, showing that the country’s output in September was about 14 per cent higher than it pumped in August 2023.
This came as a result of continued onslaught against the oil theft in the Niger Delta region.
On a year-on-year analysis, the figure is 412,000 bpd higher than what was produced in September 2022.
Data from the commission indicated that in September, Nigeria’s crude oil production, excluding condensates, was precisely 1,346,562 barrels per day, which was a 165,429bpd increase when compared to the 1,181,133bpd produced in August 2023.
Further analysis of figures obtained from the NUPRC showed that in January, February and March, the country’s oil outputs were 1,266,659 bpd, 1,292,240 bpd, and 1,266,737 bpd, respectively.
Also, in April, May, June and July, Nigeria produced 1,004,392bpd, 1,189,332bpd, 1,260,928bpd, and 1,089,089bpd respectively.
The above crude oil production figures, therefore indicated that Nigeria’s oil production in September was the highest output recorded by the country this year.
Reports revealed that in September, the Nigerian National Petroleum Company Limited said the country loses $700 million monthly to vandalism of crude oil facilities.
