NNPC targets two million barrels oil production daily-Kyari

The Nigerian National Petroleum Company Limited (NNPC) has announced its goal to increase crude oil production to two million barrels per day (bpd) by the end of the year.

The country’s daily production rose from 1.27 million barrels in June to 1.6 million in July, according to the Nigerian Upstream Petroleum Regulatory Commission.

The Group Managing Director of NNPC, Mele Kyari, announced this during a meeting with Maritime Stakeholders at the Nigerian Navy Headquarters on Tuesday and expressed his confidence that the target would be met as NNPC was fully committed to achieving it.

Kyari, who was represented by the Managing Director of Pipeline NNPC, Folorunsho Karim, urged security agencies to continue in 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 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,” the oil firm’s boss said.

The Chief of the Naval Staff, Vice Admiral Emmanuel Ogalla, highlighted 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.