Daily Trust (Abuja)

3 August 2012

Nigerian Oil Production Hits 2.7 Million Barrels

Photo: Leadership
Oil refinery

The Nigerian National Petroleum Corporation (NNPC) has said that crude oil production in the country has risen from 2.4 million barrels per day (mbpd) to 2.7 mbpd as at Wednesday.

Its Group Managing Director Engineer Andrew La'ah Yakubu said this yesterday when the Governor of Benue State, Gabriel Suswam, paid him a working visit at the NNPC Towers, Abuja.

He said that the security measures put in place by the Federal Government in the Niger Delta region was beginning to yield positive results as shown in the increased crude oil production in the country.

Yakubu said: "I am glad to report to you that in crude oil production, yesterday (Wednesday) we recorded an all time high of 2.7 million barrels. This has not been recorded before."

He appealed to all the states, local governments, communities and other stakeholders to work in partnership with the Corporation to safeguard the pipelines and other strategic national assets in order to reduce wastages.

The GMD expressed the readiness of the Corporation to collaborate with the Benue State government to restore the Makurdi depot, adding that a similar collaboration with the Abia State government recently led to the re-commissioning of the Aba depot after being closed for seven years.

He assured that as soon as pipelines supplying petroleum products from Aba to Enugu and Enugu to Makurdi depots are certified all right, the Corporation would commence immediate supply to the area.

On the efforts by the Corporation on gas infrastructure, the GMD noted that various gas pipeline projects are presently ongoing across the country to support the industrialisation efforts of the Federal Government.

He urged governor Suswam to assist in convincing other governors to buy into the Petroleum Industry Bill recently submitted to the National Assembly for consideration and passage into law, noting that the bill makes provision for the growth of private initiatives in the petroleum industry.

Speaking earlier, the Governor of Benue State, Gabriel Suswam commended the NNPC for the kerosene direct initiative, adding that the scheme has helped tremendously in the distribution of the product to the people of the state.

He said that the state government was willing to partner with the Corporation in the resuscitation and expansion of the Makurdi depot, development of gas infrastructure and the ethanol project of the Corporation.

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InFocus

Nigeria Crude Oil Output Hits Record High

Oil refinery

Oil production hit its highest level at 2,7 million barrels per day, though hurdles remain to sustain the boost in production. Read more »