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Nigeria’s daily oil production for June increased slightly from its figure the previous month.
Production of oil in the West African country increased by 25 000 barrels per day. This is a step in the right direction given Nigeria’s consistently declining oil production since the year began. As per the Nigeria National Petroleum Company Limited, oil production in Nigeria has been in a state of emergency.
According to the Monthly Oil Market Report for June by the Organization of the Petroleum Exporting Countries (OPEC), quoting direct sources, Nigeria’s oil production for June is 1.276 million barrels per day (bpd).
The country’s oil production had fallen from 1.28mbpd in April to 1.25mbpd in May. However, secondary sources from OPEC relay a different figure, disclosing that the figure dropped from 1.37mbpd in May to 1.36mbpd in June. Mele Kyari, the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, previously noted that crude production was inching closer to 1.7mbpd in May, as seen in the Nigerian newspaper, The Punch.
“As of today’s data, we’re inching to 1.7mbpd. We won’t celebrate this. On 17th of April 2020, our production, without doing anything, without drilling new wells, shot to 2.2mbpd. The difference was Covid-19. The thieves, the vandals, everybody went to sleep,” he stated at the time (May). – Business Insider Africa
leeroy
Online Reporter