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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn Tuesday, July 2, the Nigerian National Petroleum Company Limited (NNPC Ltd) declared a state of emergency on crude oil production in Nigeria.
The managing director of NNPC Ltd Group, Mele Kyari made his statement in her speech during Nigeria Oil and Gas Energy Week (NOG) 2024. For him, this measure is aimed at increasing Nigeria's crude oil production and increasing its reserves. The CEO of NNPC said that a detailed asset analysis revealed that Nigeria can easily produce two million barrels of crude oil per day without deploying new platforms, but the main obstacle to achieving this goal remains the inability of actors to act in a timely manner. Kyari expressed the company's commitment to invest in critical intermediate gas infrastructure such as the Obiafu-Obrikom-Oben (OB3) and Ajaokuta-Kaduna-Kano gas pipelines to boost domestic gas production and supply for power generation, industrial development and the
country's economic prosperity.
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