Oil reforms lift oil output by 600,000bpd – NNPC
The NNPC says reforms in the oil and gas industry have increased Nigeria’s oil output by 600,000 barrels per day, from 1.2 million to 1.8 million bpd. Read More: https://punchng.com/oil-reforms-lift-oil-output-by-600000bpd-nnpc/
Nigeria's National Petroleum Company Limited (NNPC) has announced that reforms in the country's oil and gas industry have increased crude oil production by 600,000 barrels per day, bringing national output from about 1.2 million barrels to 1.8 million barrels daily. The improvement is attributed to the implementation of the Petroleum Industry Act 2021, enhanced investment conditions, and stronger collaboration with industry partners, positioning Nigeria to compete more effectively for global energy capital.
NNPC's Group Chief Executive Officer, Bashir Bayo Ojulari, stated that the company aims to reach two million barrels per day by 2027, with a focus on preserving existing production, maintaining infrastructure, and accelerating new projects.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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