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Home Economy NNPC Aims to Produce 3 Million Barrels of Crude Oil Daily
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NNPC Aims to Produce 3 Million Barrels of Crude Oil Daily

By
Prnigeria
-
September 29, 2024
NNPC Tower, Abuja

NNPC Aims to Produce 3 Million Barrels of Crude Oil Daily

The Nigerian National Petroleum Company Limited (NNPCL) is confident that it can increase crude oil production from 1.7 million barrels per day to 3 million, says Chief Corporate Communications Officer Olufemi Soneye.

Speaking in Abuja on Saturday, at a Stakeholders Engagement Session with National Assembly journalists, Soneye emphasised that achieving this goal required support from all stakeholders, including security agencies, government, privately-owned oil companies, and host communities.

He said that President Bola Tinubu’s directives to relevant security agencies have already yielded positive results, with daily oil production rising from 1.4 million to 1.7 million barrels.

Read Also:

  • COAS Endorses NDC’s Research on Advanced Military Technologies
  • Anambra Police Arrest Suspected Child Trafficker, Rescue 11 Abducted Children
  • His Death is a National Loss – Tinubu Mourns Emir of Gusau

Soneye noted that synergy among stakeholders was crucial in combating oil theft and pipeline vandalism, which would create an enabling environment for optimal oil production of 2.5 to 3 million barrels per day.

He said previously, oil production had plummeted to 900,000 barrels per day before private security agencies and military interventions.

Soneye expressed relief that the intensified efforts against oil theft have alleviated concerns.

Also speaking, Murtala Muhammad, Deputy Manager of the NNPC Command and Control Centre, highlighted that oil theft remains a serious concern.

“Over 8,000 illegal refineries and 5,800 illegal oil pipeline connections were detected and destroyed within six months, primarily in Bayelsa, Rivers, Imo, and Abia.”

A Resource person at the event, Prof. Taiye Obateru, stressed the importance of balanced and fair reporting in nation-building, urging journalists to avoid spreading misinformation that could spark societal crises.

“As journalists, you must shun mal-information, which manifests through fabricated contents, false contents, satire, and parody,” Soneye said.

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COAS Endorses NDC’s Research on Advanced Military TechnologiesAnambra Police Arrest Suspected Child Trafficker, Rescue 11 Abducted ChildrenHis Death is a National Loss - Tinubu Mourns Emir of GusauNAF, NASENI Bolster Partnership for Indigenous Defence, Aerospace InnovationSix Suspects Arrested for Kidnapping, Rape, Robbery in NasarawaTroops Rescue 3 Kidnapped Victims in Benue–Taraba BorderNCCSALW, TRADOC Strengthen Ties to Combat Illicit Arms in North CentralAnambra, Adamawa Police Bust Child Trafficking Ring, Free 11 MinorsHow Customs is Tightening Borders to Stop Illicit Cash Flows - CG Adeniyi LPPC Elevates Nasarawa SSG, Osun AG, S/Court Judge's Son, Ayodeji, 53 others to SANsKaduna NIPR Urges Students to Embrace Evolving PR LandscapeFACT-CHECK: Did a N10bn Lafia Flyover Collapse Three Weeks After Commissioning in Nasarawa?Police Bust Notorious Kidnapping, Sea Piracy Syndicate, Arrest 5 Suspects in DeltaNiger Police Rescue 37 Human Trafficking Victims, Arrest 10 SuspectsNSCDC Issues Licences to 28 Private Security Companies, Urges Enhanced Intelligence Sharing
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