The Nigerian National Petroleum Company (NNPC) Limited says the country’s crude oil production has increased to 1.6 million barrels.
Bala Wunti, chief upstream investment officer (CUIO), NNPC upstream investment management services, said this at the 11th Practical Nigerian Content forum in Uyo, Akwa Ibom state on Tuesday.
He said the country’s oil production as of Tuesday was 1.6 million barrels per day — up from 1,014,485 barrels in October.
Wunti said the output increase was a result of the government’s all-inclusive approach to the fight against crude oil theft.
“As at today, oil production is at 1.59 million barrels per day.”
Nigeria has been grappling with low production in the face of the lingering oil theft and pipeline vandalism.
In 2022, the country has not been able to produce above 1.4 million barrels of oil in 2022. This is below the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million bpd.
