News
Nigeria crude oil production rises to 2.1 mbpd
Nigeria’s oil production has risen to 2.1 million barrels a day, the managing director of NNPC said. Maikanti Baru NNPC’s group Managing Director at a conference in Abuja said “We are hoping that by the end of 2017 we should ramp up production to above 2.2 million barrels per day”.
There have been no recent militant attacks on pipelines in the Delta since Vice President Osinbajo visited the southern region to calm tensions and broker a peace agreement.
The government has been holding talks with militants to end attacks on crude pipelines, which reduced Nigeria’s output by 700,000 barrels a day for several months last year.
President Muhammadu Buhari met Niger Delta leaders and representatives for the militants in November to discuss their demands.
Baru also said Nigeria wanted to boost oil output by 2020 to 3 million bpd and crude reserves to 40 million barrels in the same time frame, up from 37 million barrels.
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