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Nigeria’s Oil Production Could Hit 2 Million bpd if Security Improves, Currently at 1.7 Million bpd Says NNPC’s Kyari
Mele Kyari, CEO of Nigerian National Petroleum Company (NNPC) Limited, revealed that Nigeria’s oil production is nearing 1.7 million barrels per day (bpd). Speaking at a stakeholders’ meeting with the Nigerian Association of Petroleum Explorationists (NAPE) in Lagos, Kyari noted that while current production is up from OPEC’s April report of 1.28 million bpd, the country’s potential output could reach two million bpd if not for the pervasive oil theft and pipeline vandalism in the Niger Delta. Kyari stressed the significant efforts underway to combat these security issues, which have already shown positive ... (full story)