Nigeria’s crude oil output exceeded its OPEC quota in October, reaching 1.8mbpd as stakeholders target 2mbpd by year-end
Nigeria oil production
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The Franco-Nigerian Chamber of Commerce and Industry urges Nigeria to supply local crude oil to refineries and address oil theft to ensure sustainable energy costs.
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Nigeria’s oil production has seen a significant drop, falling to 1.33 million barrels per day (bpd) from the 1.7 million bpd recorded in October of the previous year, a 27.66 …
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The NNPCL spends heavily on security amid rising challenges, putting Nigeria’s oil production and sector profitability at risk.
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Nigeria adjusts oil production targets, focusing on realistic goals and sector revitalization.
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Nigeria has faced a significant setback in its crude oil production, failing to meet its Organisation of Petroleum Exporting Countries (OPEC) quota and resulting in an estimated loss of $13.5 …
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NNPC Ltd successfully mediated between PENGASSAN and TotalEnergies, leading to the restoration of 275,000 barrels of oil per day production.
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Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.
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Minister of State for Petroleum Resources Heineken Lokpobiri revealed ambitious plans to elevate Nigeria’s crude oil production to at least two million barrels daily by the end of 2023. During …
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has actively engaged crude oil producers to ensure steady feedstock for local refineries, including the soon-to-launch Dangote refinery. NUPRC’s Chief Executive, Mr. Gbenga …