Nigeria's crude oil and condensate production averaged 1.68 million barrels per day, mbpd, in October 2026, amid the country’s continued inability to provide adequate crude oil feedstock for the Dangote Refinery.

In a statement by the spokesperson of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Eniola Akinkuotu, the regulator said Nigeria met its OPEC production quota for the sixth consecutive month.

According to the commission, daily production peaked at 1.79 million barrels per day, while the lowest output recorded during the month stood at 1.60 million barrels per day.

Meanwhile, on a month-on-month basis, Nigeria's crude oil and condensate production declined by 0.03 million barrels per day, mbpd, representing a decrease of 30,000 barrels per day, or approximately 1.75 per cent.

A breakdown of Nigeria's crude oil production figures for the months under review showed that output stood at 1.70 mbpd in May, 1.73 mbpd in June, 1.677 mbpd in July, 1.677 mbpd in August, 1.71 mbpd in September and 1.68 mbpd in October.

Excluding condensate, NUPRC data indicated that Nigeria produced an average of 1.51 million barrels of crude oil per day in October. This represents 101 per cent of the 1.5 mbpd production quota set by the Organisation of Petroleum Exporting Countries, OPEC.

Amid the decline in crude oil production, Nigeria is yet to meet the crude oil feedstock requirements of the Dangote Refinery, which has an installed capacity of 700,000 barrels per day.

Barely a month ago, the Minister of Finance admitted that Nigeria did not have sufficient crude oil to meet the refinery's daily requirements.

Available data showed that the refinery imports between 20 and 22 per cent of its total crude oil feedstock, while domestic supplies account for between 78 and 80 per cent.

The Dangote Refinery receives its domestic crude oil feedstock through the Nigerian government, primarily via the Nigerian National Petroleum Company Limited, NNPCL.