The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has disclosed that Nigeria’s oil production is now about 1.7mbpd.
This is a significant increase from 1.28 million barrels per day that it was in April.
Kyari made this known while delivering an address to a stakeholders engagement between the Nigerian Association of Petroleum Explorationists and the NNPCL held in Lagos at the weekend.
He also stated that the country’s critical gas infrastructure projects are ongoing to ensure the transport of 8 billion stock of gas daily through an extensive pipeline network within the next four years.
Kyari attributed the persistent decline in the country’s crude oil production to oil theft and vandalism, hence the need to fight insecurity in the oil and gas sector to increase production.
The NNPCL boss lamented that people had resorted to barging, with some spending $21 to transport a barrel of oil to the terminals, as a result of vandalism, adding that barging is not economical.
