Nigeria Pushes for 25% Increase in OPEC+ Oil Production Quota for 2027

Nigeria has formally requested a 25% increase in its OPEC+ oil production quota for 2027, aiming to boost its output amid rising global energy demand and economic recovery efforts. The move reflects Nigeria’s ambition to strengthen its position within the cartel and capitalize on favorable market conditions following recent production cuts.

Officials highlight that the country’s expanding oil infrastructure and investment in upstream projects justify the quota hike, which would allow Nigeria to increase exports and generate much-needed revenue to support its national development plans.

The request comes as OPEC+ member countries prepare for quota negotiations ahead of the next agreement period, with Nigeria joining other producers in seeking adjustments that reflect their growing capacities and market needs.

Market analysts will be watching closely how OPEC+ responds to Nigeria’s proposal, as any changes to quotas could impact global oil supply dynamics and prices in the coming years.

Ruth Forbes

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