SAT JUNE 14 2025-theGBJournal| Nigeria’s crude oil production (including condensates) declined by 1.5% m/m to 1.66 mb/d in May (April: 1.68 mb/d), marking a reversal of the modest increase seen in the previous month, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) data.
The decline in overall output was primarily driven by reduced production in the Forcados (-13.7% m/m), Odudu (-10.2% m/m) and Bonny (-4.2% m/m) production terminals, which offset production increases from the Brass (+38.2% m/m), Qua Iboe (+14.3% m/m), Agbami (+7.5% m/m), Escravos (+6.2% m/m), and Tulja-okwuibome (+2.6% m/m) terminals.
Although investment in the oil sector is beginning to recover, the long-standing issue of underinvestment continues to hinder production efficiency and has partly contributed to fluctuations in output.
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