NNPC puts Nigeria’s 2018 daily crude production at 2.019m barrels
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Nigeria’s average daily crude oil production in 2018 stood at about 2.019 million barrels, the Nigerian National Petroleum Corporation (NNPC) has said.
The NNPC Group Managing Director, Dr Maikanti Baru, disclosed this at the 12th International Conference of the Nigerian Association for Energy Economics (NAEE), in Abuja, on Monday.
Baru said the volume of crude produced translated to a 9 per cent increase above the 2017 average of 1.86 million barrels.
According to him, it is a significant improvement from the unimpressive production level recorded on assumption of office in July, 2016.
“To underline this, the Nigeria Petroleum Development Company (NPDC) in 2018 posted a production growth of 52 per cent compared to 2017 (i.e from an average of 108kbod in 2017 to 165kbod in 2018),” he said.
The national oil Corporation boss said the corporation established a petroleum products task force that helped it achieved steady supply of products across the country adding that a total of 1.2 billion litres was sold in 2018 as against 1.1 billion litres in 2017, representing seven per cent increase.
“This was achieved through addition of 40 new affiliate and leased stations bringing the network to 618 stations nationwide.