NEWS

Crude Oil Production Rises To 1.9M Barrels Per Day

Nigeria’s crude oil production has risen to 1.9million barrels per day, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu disclosed yesterday.

Speaking when he formerly handed over to the newly appointed Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru, the minister said the upstream sector of the oil industry was being repositioned to attain about 3million barrels per day.

Lately, Nigeria’s crude production had dropped to about 1.1 million barrels following attacks on oil installations in the Niger Delta region by the militant group, Niger Delta Avengers.

Expressing satisfaction in the performance of NNPC under his leadership, the minister said the Corporation has been positioned as a profit focus organisation, compared to what it was before he came on board.

While thanking President Muhammadu Buhari for giving him the opportunity to serve as both the Minister of State Petroleum Resources and Group Managing Director of NNPC, Kachikwu noted that public perception of NNPC was gradually changing for the better.

Credit: Leadership

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