Nigeria, Africa’s largest oil producer, aims to boost its daily oil and condensate production to 2.7 million barrels by 2027, according to Olu Verheijen, Special Adviser on Energy to President Bola Tinubu.
Speaking at an energy conference in Dar es Salaam, Tanzania, Verheijen explained that the production surge will include a significant contribution from condensate, a lighter hydrocarbon not subject to OPEC+ quotas.
This strategy allows Nigeria to remain within its 1.5 million barrels per day crude quota while increasing overall output. Improved security around oil production and transport facilities is key to achieving this target.