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Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily - Politics - Nairaland

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Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by adenigga(m): 3:16am On Oct 14, 2023
The Federal Government, on Friday, announced that Nigeria’s oil production has increased to about 1.7 million barrels per day, up from the 1.1mbpd recorded in August 2023.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this in a session with journalists at his office in Abuja on Friday.

He said, “We have a sole agenda and it is to increase crude oil production. Once you increase production there will be more revenue for Nigeria and that is the recipe to virtually all the problems we have in this country.

“You know that Nigeria is very dependent on oil, even our budget is always predicated on how many barrels of oil we produce. Although the non-oil sector is thriving, for us to solve our problems we need to earn enough forex.

“And substantial part of our forex comes from the oil sector. So my ambition is to see how I can lead the sector to increase production and how we can get more revenue to be able to fund strategic national projects.

“We are already increasing production steadily. As at August it was about 1.1mbpd, but as at today it has increased to between 1.3 and 1.4mbpd exclusive of condensates, if you include condensates it will be about 1.7mbpd.”
Source: https://punchng.com/Oil-production-now-1.7-million-barrels-daily-says-FG

5 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Lumarstone: 4:37am On Oct 14, 2023
How much is the international price of crude oil now multiply by 1.7m barrel still multiply by 30days. You will know how much FG get as revenue from Oil sector. You talk of custom,firs,soildminiarel, aviation sector,roadsafty,tolls, etc

9 Likes 2 Shares

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Godfullsam(m): 4:56am On Oct 14, 2023
Taylor94:
If you hear a Yoruba man saying one Nigeria



It’s all because of oil



Bloody parasites


Let me ask you one question

What is wrong with you?

48 Likes 4 Shares

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Godfullsam(m): 4:58am On Oct 14, 2023
Lumarstone:
How much is the international price of crude oil now multiply by 1.7m barrel still multiply by 30days. You will know how much FG get as revenue from Oil sector. You talk of custom,firs,soildminiarel, aviation sector,roadsafty,tolls, etc

For your mind Nigeria is a 'big man' abi?

Dey play

7 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Lumarstone: 5:21am On Oct 14, 2023
Godfullsam:


For your mind Nigeria is a 'big man' abi?

Dey play

What exactly are the criterias for classifying
some one as a big man?

4 Likes 1 Share

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by nairalanda1(m): 6:20am On Oct 14, 2023
Godfullsam:



Let me ask you one question

What is wrong with you?

Politics

There are people like him on this site..some obsessed with tinubu, some with Obi some even with atiku. Some still mourning 2015, some thinking Buhari would bring back Sharia

Add the fact that people feel that victory for one party means their tribe loses out
.

They make the site entertaining and also at the same time wearisome

51 Likes 1 Share

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by nairalanda1(m): 6:26am On Oct 14, 2023
Lumarstone:
How much is the international price of crude oil now multiply by 1.7m barrel still multiply by 30days. You will know how much FG get as revenue from Oil sector. You talk of custom,firs,soildminiarel, aviation sector,roadsafty,tolls, etc

The money we earn from 1.7 m barrels of oil is about the same as Libya which produces the same amount

Yet because Libya has 8 million and we have 220 million, per capita revenue for Nigeria is less than that of Libya. Then corruption comes in and makes things worse


If we really want to earn big money we have to become an exporter of manufactured goods and services

64 Likes 3 Shares

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Fryzi(m): 6:31am On Oct 14, 2023
We have never had it this worse. Poverty in the land has worsen, unemployment rate increased and mass layoffs of companies, companies folding up. Omo, wahala dey o

1 Like

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Mercys12: 6:31am On Oct 14, 2023
Lumarstone:
How much is the international price of crude oil now multiply by 1.7m barrel still multiply by 30days. You will know how much FG get as revenue from Oil sector. You talk of custom,firs,soildminiarel, aviation sector,roadsafty,tolls, etc
Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Hollyharjii: 6:31am On Oct 14, 2023
Please can someone tell me if the Nigeria refinery is now opened for operation?

2 Likes 1 Share

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by ogaontop(m): 6:32am On Oct 14, 2023
This should please translate to the betterment of the common man on the street, people are suffering now.
The current price of crude oil is 96usd per barrel, multiplied by 1.7million is 163 million dollars daily and almost 5 billion dollars monthly and Nigeria is still borrowing millions of dollars from world bank?
Something must be wrong somewhere!
Not to talk of other exports and IGR.
We need accountability in this country!

5 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by verceUN: 6:32am On Oct 14, 2023

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by 2023Blessed: 6:33am On Oct 14, 2023
Godfullsam:



Let me ask you one question

What is wrong with you?
The guy is a jobless miscreant who is being gifted data monthly to be a nuisance online. After the Supreme Court's affirmation of PBAT's victory, he will rest. Just watch out.

6 Likes 1 Share

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by nnadychuks(m): 6:33am On Oct 14, 2023
Good morning guys. I pray today is better than yesterday. May we not wake up to sad news today, nor will evil approach our doorsteps in Jesus name.
Just try and take life easy and don’t let the negativity of Nigeria get to you.

4 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by frank33(m): 6:33am On Oct 14, 2023
H
Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by sulakishop(m): 6:34am On Oct 14, 2023
Try and get well soon

Taylor94:
If you hear a Yoruba man saying one Nigeria



It’s all because of oil



Bloody parasites

8 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Paraman: 6:34am On Oct 14, 2023
Hope the minister is not lying sha

3 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Bari22: 6:35am On Oct 14, 2023
Where's the money

1 Like

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Paraman: 6:36am On Oct 14, 2023
Taylor94:
If you hear a Yoruba man saying one Nigeria



It’s all because of oil



Bloody parasites
I don't understand, is the minsiter a Yoruba man?

4 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by ecolime(m): 6:41am On Oct 14, 2023
Taylor94:
If you hear a Igbo man saying South East & South South are one.

It’s all because of oil

We are Bloody parasites


Fixed

5 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by AntiChristian: 6:44am On Oct 14, 2023
More money more funds to carryout more projects!

May God help us!
Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by urbobo20(m): 6:45am On Oct 14, 2023
Over population is really our problem in Nigeria

6 Likes 1 Share

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by kheny12(m): 6:49am On Oct 14, 2023
Oil production with no impact with the citizens life...such a stupid statement.
Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by mfm04622: 6:50am On Oct 14, 2023
Lumarstone:
How much is the international price of crude oil now multiply by 1.7m barrel still multiply by 30days. You will know how much FG get as revenue from Oil sector. You talk of custom,firs,soildminiarel, aviation sector,roadsafty,tolls, etc

Yet, we are a poor country, not because of corruption, but because of our population compared to how much we make as income

7 Likes 1 Share

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by kheny12(m): 6:51am On Oct 14, 2023
urbobo20:
Over population is really our problem in Nigeria
Not overpopulation but self centred.China that's overpopulation are doing and living fine because of the policy they put down on corrupt government individuals.

1 Like

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by TheSANews: 6:53am On Oct 14, 2023
What could be the factors driving up the increase? The Tompolo's deal?



Nursing assignments? Don't worry, we have you covered : chebyshevlangrange@gmail.com.
Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by stepaside1: 6:55am On Oct 14, 2023
Lokpobiri should not mix things up. I know he provided the breakdown in the body of the report so not sure if it is the media house that coined the headline.

Condensates are not counted as part of opec quota so the real crude oil production is about 1.3-1.4 million barrels per day. This is still a far cry from the > 2 million barrels per day capacity that Nigeria has. Can we just focus on what needs to be done to produce close to capacity? Same with gas supply to NLNG. The Trains have been producing at about 50% capacity for more than 2 years now. This is a classical case of self inflicted injury.

7 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by dahmie2013: 6:58am On Oct 14, 2023
Godfullsam:

Let me ask you one question
What is wrong with you?
grin grin grin

1 Like

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by Khyrvxjzy: 7:00am On Oct 14, 2023
Godfullsam:



Let me ask you one question

What is wrong with you?

the guy no dey tire at all... wetin yoruba do am i no no

2 Likes

Re: Heineken Lokpobiri: Nigeria's Oil Production Now 1.7 Million Barrels Daily by ogaontop(m): 7:05am On Oct 14, 2023
nairalanda1:


The money we earn from 1.7 m barrels of oil is about the same as Libya which produces the same amount

Yet because Libya has 8 million and we have 220 million, per capita revenue for Nigeria is less than that of Libya. Then corruption comes in and makes things worse


If we want to earn big money we have to become an exporter of manufactured goods and services
Libya sells fuel at less than 25 naira per litre and produces 1.2 million barrels per day.
Even with their current state, they are far more accountable than Nigerian leaders.
Their citizens don't take rubbish unlike here where religious and political divisions, nepotism and bigotry have beclouded our sense of reasoning!
Exporting manufactured goods is not just the solution, the bigger problem we have here is "Who will account for the earnings from such exports?" With unstable and politically inclined economic policies here and there?
We will not be poor if we have successfully accounted for oil exports, other exports, IGR (custom, immigration, taxes, e.t.c)
An average custom guy on the street is a BIG GUY not from salary but from sources known and unknown, imagine how much the custom boss will be pocketing! An so on and so forth..
Corruption and accountability must be dealt with before we make any reasonable progress!
Try exporting any finished or raw material abroad, you bribe and pay through your nose for the exports the Govt claim they are promoting

1 Like 1 Share

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