NNPC SETS SIGHTS ON 2 MILLION BARRELS PER DAY OIL PRODUCTION BY YEAR-END
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GREATRIBUNTVNEWS–Nigeria’s oil production has surged to 1.8 million barrels per day, with an ambitious target of 2 million barrels per day by the end of 2024 . This significant milestone was achieved through the collaborative efforts of the Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners, including international oil companies and independent operators .
Key Highlights:
– _Increased Oil Production_: 1.8 million barrels per day, up from 1.43 million barrels per day in June 2024 .
– _Gas Production Boost_: 7.4 billion standard cubic feet per day .
– _Target_: 2 million barrels per day by the end of 2024 .
– _Partnership_: NNPC Ltd, international oil companies, and independent operators .
The Minister of State for Petroleum Resources, Dr. Heineken Lokpobiri, announced the new production levels at a press briefing in Abuja, attributing the success to President Bola Ahmed Tinubu’s mandate. NNPC Ltd’s Group Chief Executive Officer, Mr. Mele Kyari, commended the Production War Room Team for their role in driving production recovery
