THE Nigerian National Petroleum Corporation, NNPC, announced on Sunday August 6, that Nigeria’s current crude oil production had increased to 2.35 million barrels per day.
Production in the region has been growing steadily since Nigeria, along with Iran and Libya were granted exemption from a resolution by Organization of Petroleum Exporting Countries, OPEC, to cut members’ oil output by 740,000 barrels per day by November 2016, in an attempt to stabilise prices.
According to an article hosted on All Africa.com, speaking at the inauguration of the members of the NNPC’s re-constituted anti corruption committee in Abuja, Maikanti Baru, group managing director, said: “In the upstream, we have also been making strides in the stability and security in the Niger-Delta and production is coming back steadily.
“At one point, we have reached the level of almost 2.35 million barrels per day, including condensates, which accounts for about 400,000 barrels per day.”
Aug 14, 2017 @ 15: 38 GMT