Report: NUPRC Sustained Growth in Crude Oil Production to 1.71mb/d in July 2025

The latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that Nigeria’s average daily crude oil production in July was 1.71 million barrels per day (mb/d).

This marks a marginal increase from the 1.70 mb/d recorded in June, indicating a modest but steady improvement in the nation’s production output.

This figure includes condensates, which accounted for approximately 0.21 mb/d. Excluding condensates, crude oil production for July stood at 1.51 mb/d.

Nigeria’s crude oil production has now risen for the second consecutive month, making it the first time this year that the country has seen consecutive monthly output gains.

• The gradual recovery of crude oil production can be attributed to ongoing efforts to tackle persistent issues in the oil sector. These challenges include pipeline vandalism, oil theft, and operational disruptions in the Niger Delta.
• On a related note, the renewed momentum in Nigeria’s crude oil production has had a positive impact on the country’s external reserves.
• In July, the reserves accreted by approximately US$2.2bn, bringing the total balance to US$39.4bn, reflecting increased FX inflows, partly driven by higher oil export earnings because of the uptick in production.
• The improvement in reserve position is particularly beneficial for exchange rate stability, as growing reserve levels enhance the CBN’s capacity to actively intervene in the FX market and support the stability of the naira.
• Returning to the data, the month-on-month (MoM) increase in production was primarily driven by higher output from the Bonny terminal, where daily production rose by approximately 0.91 mb/d.
• On a year-to-date (YTD) basis, Nigeria’s average crude oil production over the 7M 2025 stood at 1.48 mb/d. When condensates are included, total production rises to 1.68 mb/d.
• Looking ahead, while the recent gains are encouraging, the modest pace of recovery highlights the need for more sustained security interventions and the implementation of monitoring technologies to ramp up production to optimal levels.