2 days ago
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Nigerian National Petroleum Company Limited (NNPCL) has been applauded for producing over 1.808 million barrels per day.
The corporation has also been tasked to increase the output to 2 million barrels daily.
Yesterday, the Coalition of Civil Society Groups for National Prosperity and Efficiency in Governance delivered kudos and a challenge during a solidarity rally at the Unity Fountain in Abuja.
The CSOs said the feat by the Engr Mele Kyari-led NNPCL was worth celebrating by well-meaning Nigerians.
Led by the trio of Danesi Momoh, convener, Comrade Igwe Manta, and Johnson Kolawole Micheal, co-conveners, the coalition charged the NNPCL with hitting Nigeria’s 2 million bpd Organisation of Oil Producing Countries (OPEC) quota by the end of this year.
The CSOs expressed appreciation to NNPCL partners, private security outfits involved and the conventional security agencies coordinated by the Office of the National Security Adviser (ONSA) for their efforts in eliminating the security challenges and curbing the national economic sabotage that had hitherto hindered crude oil production in Nigeria.
They observed that Kyari’s war room initiative was a masterstroke. Nigerians had been saved from the daily loss of crude oil worth billions of naira to illegal bunkers.
The coalition recalled that before the inauguration of the war room on June 25, 2024, production was at 1.430 bpd. To underline the initiative’s game-changing effect, production hit 1.7 million bpd in August 2024. In November, it was at 1.808 million bpd, thereby signalling that the target of 2 million bpd is, by all current production arithmetic, achievable.
The coalition further applauded the NNPCL for the increase and stability in gas production, which stands at 7.4 billion cubic feet per day (cfd), adding that it indicates that the 12.2 bcfd projection for 2030 is reachable.
The coalition described NNPCL’s resolve to sell crude oil to Dangote Refineries in Naira, adding that its readiness to do so to other emerging refineries reinforces good faith in local refineries and oil production.
“The Nigerian oil industry led by NNPCL can be said to be on a safe sail. Again, we wish to salute the NNPCL led by Mele Kyari for keeping their eyes on the ball despite occasional attacks from critical Nigerians like some of us. We hope to be here at the end of the year to celebrate again the 2 million bpd expected. We shall all keep our eyes on it, encouraging all stakeholders to ensure it is achieved,” they submitted.
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