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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.

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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.

By PRNigeria

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Billions on the Table: Africa’s Top Leaders to Convene in Angola to Close Infrastructure Gap Sani: Military Alone Can’t Defeat Violent Extremism, Terrorism NCAA Bans “Flight Mode,” Orders Phones Switch Off During Plane Take-Off, LandingIGP, Ministry Partner to Provide Affordable Houses for Police PersonnelEFCC Arraigns Consultant Over Alleged N131.8m, $200,000 Advance Fee FraudLagos Police Nab Ex-Convict Over Cultism, Recover GunBandits on Rampage Across Katsina Villages, Lawmaker Seeks Urgent InterventionTragedy as Bandits Kill 13 Worshippers in Katsina Mosque AttackKano Police Discipline Officers Caught in Viral Video, Say Incident Not Linked to By-ElectionsNDLEA Hails Conviction of 2 Lagos Drug Barons to 10-Year ImprisonmentAgric Minister, Kyari Laments as Nigeria Spends $10 Billion Annually on Food ImportsImo Police Raid IPOB/ESN Hideouts, Seize FirearmsCustoms, Shippers’ Council Move to Resolve Complaints Over B’Odogwu PlatformNAF, Czech Republic Seal New Defence Pact to Bolster Security, Technology TransferPolice Caution Vigilante Groups After Alleged Attack on Female Corps Member in Anambra
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