The Nigerian National Petroleum Company Limited (NNPCL) has announced its ambitious plan to boost crude oil production to 2 million barrels per day by the end of 2024. This target follows a notable increase in daily production, which rose from 1.27 million barrels in June to 1.6 million barrels in July.
During a recent meeting with Maritime Stakeholders at the Nigerian Navy Headquarters, NNPCL’s Group Managing Director, Mele Kyari, conveyed confidence in reaching this goal. Represented by Folorunsho Karim, Managing Director of Pipeline NNPCL, Kyari highlighted the crucial role of security agencies in supporting this initiative.
He said, “The target is to increase production to 2 million barrels by the end of the year, and we are fully committed to doing that. I appreciate the support of the Nigerian Navy in making this possible.
“They have been providing significant support, which has resulted in a reduction in oil theft.
“Pipeline vandalism has also decreased significantly, and there is a lot currently happening in the industry. We hope to sustain this progress to achieve our target of 2 million barrels per day by the end of the year.”
