For the first time since July 2022, the daily crude oil production output of Nigeria rose above one million barrels per day (bpd) in October, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reported.
In NUPRC’s October Crude Oil Production Report, the commission said the daily crude oil production output averaged 1,014,485 bpd last month.
Months before the period in review, daily crude oil production output was put at 972,000 bpd in August, and 937,000 in September, which translates into revenue drop for the Nigerian government.
