The Nigerian National Petroleum Company Limited (NNPCL) says that its goal is to increase crude oil production to two million barrels per day by the end of the year from current daily production of 1.6 million in July.
The Group Managing Director of the NNPCL, Mr. Mele Kyari, told Maritime Stakeholders at the Nigerian Navy Headquarters on Tuesday in Abuja that the target would be met, adding that the NNPCL was fully committed to achieving it.
Represented by the Managing Director of the Pipeline Unit of the NNPCL, Folorunsho Karim, Kyari urged security agencies to continue their efforts against oil theft and pipeline vandalism to help the company meet its target.
“The target is to increase production to two million barrels by the end of the year, and we are fully committed to doing that. I appreciate the support of the Nigerian Navy in making this possible.
“They have been providing significant support, which has resulted in the reduction in oil theft. Pipeline vandalism has also reduced significantly, and there is a lot currently happening in the industry. We hope to sustain this progress to achieve our target of two million barrels per day by the end of the year.”
Responding, the Chief of the Naval Staff, Vice Admiral Emmanuel Ogalla, stated that Nigeria’s development has faced numerous complex security challenges over the past few decades, including violent agitations, oil theft, pipeline vandalism, and piracy/sea robbery.
“The target is to increase production to two million barrels by the end of the year, and we are fully committed to doing that. I appreciate the support of the Nigerian Navy in making this possible.
“They have been providing significant support, which has resulted in a reduction in oil theft. Pipeline vandalism has also decreased significantly, and there is a lot currently happening in the industry. We hope to sustain this progress to achieve our target of two million barrels per day by the end of the year,” he said.
GIK/APA
Nigeria targets 2m crude oil production daily in 2024 – NNPCL boss
