Friday, August 8, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Uncategorized

NNPCL Hits 1.8mbpd Crude Production, Set To Meet Target

The company also revealed that it is now producing 7.4 million standard cubic feet of gas to power the gas infrastructure, especially the AKK. This is an improvement from 6.1 mmscf earlier in the year.

Ifeanyi Uzoechiena by Ifeanyi Uzoechiena
November 14, 2024
in Uncategorized
0
NNPCL Hits 1.8mbpd Crude Production, Set To Meet Target
0
SHARES
9
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per day of crude oil production.

The state-owned oil company which made the announcement on Thursday, also stated that it is set to hit the two million barrels per day target set by President Bola Tinubu by December 2024.

Related posts

I haven’t Resigned as ADC’s Deputy National Chairman – Nafiu Bala

I haven’t Resigned as ADC’s Deputy National Chairman – Nafiu Bala

August 1, 2025
Kenneth Okonkwo Condemns Gov Okpebholo’s Threat Against Peter Obi

Kenneth Okonkwo Condemns Gov Okpebholo’s Threat Against Peter Obi

July 21, 2025

The company also revealed that it is now producing 7.4 million standard cubic feet of gas to power the gas infrastructure, especially the AKK. This is an improvement from 6.1 mmscf earlier in the year.

The NNPCL noted that the accomplishment, which aligns with the government’s budget, reflects the dedication of all of its teams over the past weeks.

During an interactive session with the Senate Committee on Finance at the National Assembly in December last year, the Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, had assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realizable.

Speaking on the dynamics of the market in relation to the projected budget benchmark price of $77.96 per barrel, Kyari said: “With what we see in the market today and potentially in the year 2024 and even beyond the next two years, it is very unlikely to see $70 per barrel oil in the market. The oscillation we are seeing, sometimes you do see prices coming down to $75 to the barrel and sometimes it goes above it, overall, benchmarks are averages. We think that the proposal by Mr. President around $77.96 is still realizable in 2024.”

On the crude oil production projection, Kyari had stated: “The number we have is 1.785mbpd. This is cumulative of all oil produced in the country. This figure is inclusive of all production including crude oil and condensate.

“I need to make this clarification because of the reports in the media that our OPEC quota is 1.5million barrels per day. The OPEC quota is related only to crude oil. We also do between 250,000 to 300,000 barrels per day of condensate in our production. When you combine the two, the 1.78mbpd is realistic and realizable.”

 

Channels Television

Tags: Crude oilNNPC

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Defamation: Court Adjourns Case Between Falana, VDM To Jan 23

Next Post

JUST IN:FEC Approves N47.8tn Nigeria’s budget For 2025

Next Post
JUST IN:FEC Approves N47.8tn Nigeria’s budget For 2025

JUST IN:FEC Approves N47.8tn Nigeria’s budget For 2025

RECOMMENDED NEWS

#EndBadGovernance: 17 Feared Dead, Firms Record Increased Losses

1 year ago
National Award: I’ll Reject, Sue If Tinubu Lists Me – Sowore

Police Allegedly Break Sowore’s Right Hand In Detention

15 hours ago
Fela’s ‘Zombie’ Becomes First Nigerian Album In Grammy Hall Of Fame

Fela’s ‘Zombie’ Becomes First Nigerian Album In Grammy Hall Of Fame

2 months ago
Abubakar Maigandi: The New Face Of IPMAN

Abubakar Maigandi: The New Face Of IPMAN

2 years ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections ADC Ademola Adeleke Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Buhari CBEX Coalition Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigerian National Petroleum Company Limited (NNPCL) Nnamdi Kanu NNPC NNPCL Olubadan PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • Presidency Faults Newspaper Editorial On Hunger, Economy
  • Osun Chief Arrested For Forcing Suspect To Drink Poison
  • Ibadan Markets To Remain Closed Until Noon Friday For Olubadan’s Burial
  • WAEC Result Portal Glitch Resolved – FG

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

Nigeria Slips To Fourth Place In Africa’s Largest Economies Rank

Presidency Faults Newspaper Editorial On Hunger, Economy

August 7, 2025
Tragedy Strikes As Inferno Claims Custom Officer, Wife, Four Children Lives

Osun Chief Arrested For Forcing Suspect To Drink Poison

August 7, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights