Nigeria will make cuts to its crude oil output to comply with OPEC output targets, Mele Kolo Kyari of the Nigerian National Petroleum Company (NNPC) said on Tuesday.

Nigeria’s September crude oil and condensate output was 2.1-2.2 million barrels per day (bpd), the director of its state oil company said on Tuesday.

“We will (cut) across the assets. The OPEC quota (is) on crude production only, not on condensate, so it doesn’t affect the condensate,” he told reporters at a conference in Fujairah in the United Arab Emirates. “Our non-conformity is clearly on the crude, and it’s not significant so when you spread it across all the assets it will not be a shock.”

Kyari added that Nigeria hoped to raise oil production to about 3 million bpd in the next 2 to 3 years. The 14-nation Organization of the Petroleum Exporting Countries (OPEC) agreed in December with non-OPEC partners including Russia to reduce supply by 1.2 million bpd from the start of this year. OPEC’s share of the cut is 800,000 bpd, to be delivered by 11 members, with exemptions for Iran, Libya and Venezuela.

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