Nigeria’s crude oil output has increased from 2.4 million barrels per day (mbpd) to 2.7 mbpd
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Andrew Yakubu, Monday disclosed that the country’s crude oil output has increased from 2.4 million barrels per day (mbpd) to 2.7 mbpd.
Yakubu told visiting Governor of Benue State, Dr. Gabriel Suswam, who led a delegation on a working visit to the NNPC Towers in Abuja, that the country’s crude oil production on Wednesday peaked at an all-time high of 2.7mbpd, adding that this was a first for the country since it started crude oil production over 50 years ago.
He attributed the increase in crude oil production to the security measures put in place by the Federal Government in the Niger Delta region, which according to him, was beginning to yield positive results.
Yabubu said in a statement from the acting Group General Manager, Public Affairs of the Corporation, Mr. Fidel Pepple: “We want to thank the President, Dr. Goodluck Jonathan, for his great initiative to restore security with regards to pipelines and our crude oil production facilities and we thank the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, for driving the process.
“I am glad to report to you that in crude oil production, yesterday, we recorded an all-time high of 2.7 million barrels. This has not been recorded before.”
While appealing to all state and local governments, as well as communities and other stakeholders to work in partnership with the corporation to safeguard the pipelines and other strategic national assets, Yakubu explained that the effort will help reduce waste in the sector.
Nigeria, in the last couple of months, experienced a serious decline in revenue from crude oil production owing to increased activities of illegal bunkering and oil theft.