NNPC vows to surpass 1.78mb/d budget target

The Nigerian National Petroleum Company Limited (NNPCL) has promised to surpass the 2024 budget benchmark of 1.78million barrels per day (Mbpd).

Its Group Chief Executive Officer, Malam Mele Kyari, who gave the assurance, recalled that in 2022, the country was producing as low as one million barrels per day owing to security challenges.

According to him, the production is now near 1.7mb/d.

The NNPCL boss disclosed this while delivering his keynote address at the Society of Petroleum Engineers (Oloibiri Lecture Series and Energy Forum (SPEOLEF) in Abuja.

The theme was “Stability in the Energy Sector: Integrated Strategies for Infrastructure, Transportation and Security.

He said: “In 2022, we were close to a million barrels or less. With the intervention and the security architecture we have in place today, we are close to 1.7 million barrels.

“We know that by the end of the year, we will be able to meet, first the budget target for the country and potentially exceed it.”



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