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Nigeria's oil production in barrels daily 1998-2019

This statistic depicts the oil production in Nigeria from 1998 to 2019. Nigeria’s oil production in 2019 amounted to some 2.1 million barrels per day.

Nigeria and OPEC

  Nigeria joined the OPEC (Organization of Petroleum Exporting Countries) in 1971, becoming the 11th country to join the organization following its founding in September 1960. Nigeria is the most populous country within the OPEC, but in terms of daily oil production, it is ranked eighth within the organization. In terms of oil reserves, Nigeria’s OPEC ranking is also eighth.

 Oil refining in Nigeria 

  The Dangote oil refinery is currently under construction and is expected to be completed in 2020. Its construction will add considerable refining capacity to Nigeria’s oil industry. Designed to process some 650,000 barrels of crude oil each day, this will increase Nigeria’s existing refining capacity of 446,000 barrels per day considerably. According to billionaire Aliko Dangote who owns the project, and after whom the project is named, about 35 percent of the refinery’s products will be exported, with the remainder serving the Nigerian market.

Oil production in Nigeria from 1998 to 2019

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Source

Release date

June 2020

Region

Nigeria

Survey time period

1998 to 2019

Supplementary notes

According to the source, oil production includes crude oil, shale oil, oil sands and NGLs (natural gas liquids - the liquid content of natural gas in which the condensate is recovered separately). Excludes liquid fuels from other sources such as biomass and coal derivatives.
Figures for years not included in the pdf version were taken from the Data workbook of the Statistical Review.
This statistic was assembled using several editions of the report.

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