Oil reforms raised Nigeria’s output by 600,000bpd — NNPC

The Nigerian National Petroleum Company Limited (NNPC) has reported that reforms in the oil and gas industry have significantly increased Nigeria's crude oil production by 600,000 barrels per day, raising the national output from approximately 1.2 million barrels to 1.8 million barrels daily. This increase was attributed to the implementation of the Petroleum Industry Act 2021, improved investment conditions, and enhanced collaboration between the company and its industry partners.

NNPC's Group Chief Executive Officer, Bashir Ojulari, announced these developments during a session at the Abu Dhabi International Petroleum Exhibition and Conference, where he outlined the company's goal of achieving two million barrels per day by 2027.

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