Nigerian National Petroleum Company Limited (NNPC) has announced plans to increase crude oil production to two million barrels per day by the end of 2024.
Gatekeepers News reports that daily production rose from 1.27 million barrels in June to 1.6 million in July, according to the Nigerian Upstream Petroleum Regulatory Commission.
Mele Kyari, Group Managing Director of NNPC, expressed optimism about meeting the target, emphasising the company’s commitment to achieving it.
Represented by Folorunsho Karim, Managing Director of Pipeline NNPC, Kyari urged security agencies to continue their efforts against oil theft and pipeline vandalism to support the company’s goal.
“The target is to increase production to two million barrels by the end of the year, and we are fully committed to doing that,” Karim said.
“We appreciate the support of the Nigerian Navy in making this possible.”
Vice Admiral Emmanuel Ogalla, Chief of the Naval Staff, acknowledged the complex security challenges facing Nigeria’s development, including oil theft and pipeline vandalism. He emphasised the need for a collaborative approach to address these issues and promote the ease of doing business.
The Nigerian Navy is working to ensure its operations support legitimate business operators while providing security and protection from criminal elements.
Ogalla stated, “We aim to promote ease of doing business by ensuring our operations and patrols do not create problems for operators. Instead, we support them by assuring them of protection.”
