Nigeria’s OPEC Production Figures In Q4, 2024

Nigeria’s crude oil production figures for 2024 have shown significant developments, particularly in the latter part of the year.

Production Quota Achievement: In December 2024, Nigeria’s crude oil production reached 1.5 million barrels per day (bpd), marking the first time it met its OPEC production quota since it was set at that level for the year. This achievement followed a long struggle due to issues like oil theft and infrastructure challenges.

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