Nigeria New Pumping 2.1m Barrels Of Oil Per Day, Says NNPC

Date: 01-03-2017 2:21 pm (7 years ago) | Author: CLARA JANCITA
- at 1-03-2017 02:21 PM (7 years ago)
(f)

The State-owned oil company has revealed the optimum production of crude oil in Nigeria after setbacks relating to militancy and pipeline vandalism. The Nigerian National Petroleum Corporation (NNPC) has revealed that the country is now producing as much as 2.1 million barrels of oil per day. Speaking at the 2017 Nigeria oil and gas conference and exhibition, Makainti Baru, general managing director of the NNPC, said the ongoing negotiations with stakeholders in the Niger Delta is responsible for the surge.
 
“Crude production has steadily increased to 2.1m b/d due to some strategic dialogue efforts embarked upon by the federal government in the Niger Delta,” Baru said. “The resolution of cash call arrears will increase the confidence of JV Operators and therefore trigger more investment in new projects.
 
Two weeks ago, Ibe Kachikwu, minister of state for petroleum resources, said Nigeria’s oil production had risen to two million barrels per day, as Africa’s largest producer.
Quote
“In some weeks, we will be able to progress to 2.2 million bpd, which is the target of the (2017) budget,”
Kachikwu had said.
In 2016, oil production in Nigeria fell below 1.5 million per day, aiding Nigeria’s journey into a recession, following a massive drop in revenue, rising inflation and subsequent unemployment.

Posted: at 1-03-2017 02:21 PM (7 years ago) | Hero
- tuscanT at 1-03-2017 02:38 PM (7 years ago)
(m)
How does this affect the life  common Nigerians. Increased this n that the life of the poor still remain the same 
Posted: at 1-03-2017 02:38 PM (7 years ago) | Upcoming
Reply
- Mykie010 at 1-03-2017 02:46 PM (7 years ago)
(m)
Nice one osibanjo,na d travel wey u dey travel from naija delta to south east.
Posted: at 1-03-2017 02:46 PM (7 years ago) | Gistmaniac
Reply
- akinmanchy at 1-03-2017 02:55 PM (7 years ago)
(m)
Sounds good, but I hope this affects the masses positively
Posted: at 1-03-2017 02:55 PM (7 years ago) | Hero
Reply
- Larry28 at 1-03-2017 03:44 PM (7 years ago)
(f)
Good
Posted: at 1-03-2017 03:44 PM (7 years ago) | Hero
Reply
- EDDYPRINCE at 1-03-2017 05:28 PM (7 years ago)
(m)
good to hear
Posted: at 1-03-2017 05:28 PM (7 years ago) | Addicted Hero
Reply
- soladunga at 2-03-2017 04:29 AM (7 years ago)
(m)
Where d money dey
Posted: at 2-03-2017 04:29 AM (7 years ago) | Upcoming
Reply
- sugarbaby2392 at 2-03-2017 07:37 AM (7 years ago)
(f)
hmmmm
Posted: at 2-03-2017 07:37 AM (7 years ago) | Gistmaniac
Reply
- BournIdentity at 23-03-2017 11:08 AM (7 years ago)
(m)
We hear
                   
Posted: at 23-03-2017 11:08 AM (7 years ago) | Addicted Hero
Reply
- 24magic at 23-03-2017 12:22 PM (7 years ago)
(m)
Long story all the time
Posted: at 23-03-2017 12:22 PM (7 years ago) | Gistmaniac
Reply
- BournIdentity at 29-03-2017 03:18 AM (7 years ago)
(m)
Roll Eyes
       
Posted: at 29-03-2017 03:18 AM (7 years ago) | Addicted Hero
Reply
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