Crude oil production rises to 2.35m barrels per day – NNPC

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Dr. Maikanti Baru

Nigeria’s current crude oil production has risen to 2.35 million barrels per day. The Nigerian National Petroleum Corporation (NNPC) Managing Director (GMD), Dr. Maikanti Baru, said this at the inauguration of the members of the corporation’s re-constituted anti corruption committee in Abuja on Monday.

In his words, “In the upstream, we have also been making strides in the stability and security in the Niger-Delta and production is coming back steadily. At one point, we have reached the level of almost 2.35 million barrels per day, including condensates, which accounts for about 400,000 barrels per day”.

Baru said it was cherry that petroleum products supply in the country was being sustained. “We are in the period of ease, it is not too long ago in December, January and February, when NNPC was a sole importer of petroleum products in this country with the challenges associated with distribution and the caped price of N145 to a liter of petrol.

“We got some ease when the international price went down and the importers decided to come back to import because they can make some margin; they have raised the importation level to about 30 per.“

He said it was important to keep the stability of the supply of petroleum products ongoing.

The NNPC GMD also said the corporation was committed to exiting the cash call, noting that the Federal Government had provided the required support.