Nigeria Seeks 25% Higher OPEC+ Oil Production Quota for 2027 ...Middle East

Africa’s top oil producer, Nigeria, is seeking a production target under the OPEC+ agreement of 2 million barrels per day (bpd) for 2027, up from the current quota of 1.5 million bpd, Bashir Ojulari, chief executive of state-held oil firm NNPC, has told Argus. Nigeria has been pumping oil below its output quota for years, but has recently ramped up production, which now stands at about 1.4 million bpd, per Ojulari’s estimates. OPEC+ delegates have started talks about establishing the baselines for individual members’ production…

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