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OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa - Politics - Nairaland

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OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by salin: 10:04am On May 15
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production rose to 1.28 million barrels per day (bpd) in April.

In its latest monthly oil market report released on Tuesday, OPEC said the production data was based on direct communication with Nigerian authorities.

OPEC receives data on crude oil production from two sources: direct communication — which is from member countries — and secondary communication, such as energy intelligence platforms.

According to the report, the current output signifies a 4.07 percent increase from the 1.23 million bpd recorded in March — also indicating the first month-on-month production growth in the year.

Accordingly, with the current volume of production, the oil-rich country regained its position as the biggest oil producer in Africa, with Algeria taking second position with 907,000 bpd output.

Meanwhile, OPEC’s secondary sources put Nigeria’s crude production at 1.35 million bpd in April — a 3.15 percent fall from the 1.39 million bpd recorded in March.

Also, the global oil cartel said secondary sources disclosed “total OPEC-12 crude oil production averaged 26.58 mb/d in April 2024, 48 tb/d lower, m-o-m”.

“Crude oil output increased mainly in Congo and IR Iran, while production in Nigeria, Iraq and Venezuela decreased,” OPEC said.

“At the same time, total non-OPEC DoC crude oil production averaged 14.44 mb/d in April 2024, 198 tb/d lower, m-o-m. Crude oil output increased mainly in Bahrain, while production in Russia and Kazakhstan decreased.”

On May 8, Gbenga Komolafe, NUPRC’s chief executive officer (CEO), said Nigeria has 37.5 billion barrels of crude oil and condensate reserves as well as 209.26 trillion cubic feet (TCF) of natural gas reserves.

https://www.thecable.ng/opec-nigerias-oil-production-rose-to-1-28m-bpd-in-april-highest-in-africa/amp

6 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Becoted001(m): 10:06am On May 15
When will the refineries start producing petroleum products?

14 Likes 1 Share

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by givedemwotowoto: 10:06am On May 15
cool
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by salin: 10:07am On May 15
In spite the oil the massive oil theft

4 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Paraman: 10:07am On May 15
This means we're going to get more dollars. I hope it keeps on increasing.

2 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by RealLordZeus(m): 10:21am On May 15
This news get as e be, so many contradiction

4 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by RenaissanceGuy: 10:25am On May 15
Celebrating backwardness. Our oil production used to be 2.1m barrels/day 7 years ago (https://pmnewsnigeria.com/2017/02/28/nigerias-oil-production-rises-2-1-million-bpd/) .
helinues:

If the news said our production is low, you would have celebrated right?

Being an opposition don't mean you people should be opposing every positive moves by this government. That na village opposition
I personally had and still have a little high hope that the current government would succeed, but we must continue to put them on their toes by constructive criticism and not the destructive praise-singing you're engaging in. If we're able to remind them that there was a time we were producing 2.1mb/d, they'd be challenged to even go up higher instead of them celebrating the current mediocre level.

12 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by helinues: 10:30am On May 15
Good.

More income generation

8 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by helinues: 10:31am On May 15
RenaissanceGuy:
Celebrating backwardness. Our oil production used to be 2.1m barrels/day many years ago.

If the news said our production is low, you would have celebrated right?

Being an opposition don't mean you people should be opposing every positive moves by this government. That na village opposition

18 Likes 2 Shares

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Emeskhalifa(m): 10:36am On May 15
Lamba
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Chibuzoc(m): 10:36am On May 15
cheesy the can produce crude oil but can't produce fuel.

Drainers

4 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Klington: 10:36am On May 15
shocked

See how APC senseless zomebs will rush here with their nauseating mouth and body odor to convulse like epileptic patients that they're, even when everyone knows that this an Audio rise cool cool
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Kingkamba(m): 10:36am On May 15
grin
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by CheapHomes1: 10:37am On May 15
Paraman:
This means we're going to get more dollars. I hope it keeps on increasing.
who are the "we"? did you receive any dollars from petroleum sale?

what is the result of all the previous dollars?

4 Likes

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by DrAkpamudehe: 10:38am On May 15
How does it reduce the price of rice and beans in the market? Agbado propaganda at its Peak

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Nahunger(m): 10:38am On May 15
grin

More largesee to go round.
If you know you know
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Paraman: 10:39am On May 15
CheapHomes1:
who are the "we"? did you receive any dollars from petroleum sale?

Only the people making use of their common sense will understand my comment

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by CheapHomes1: 10:39am On May 15
helinues:


If the news said our production is low, you would have celebrated right?

Being an opposition don't mean you people should be opposing every positive moves by this government. That na village opposition
what is the positive move by this government that you dont want him to oppose?

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by noskcid(m): 10:39am On May 15
And Nigerians still dey suffer to get everything including breeze 🙆🏿‍♂️
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by jayce232: 10:39am On May 15
Smh
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Melonsmasher: 10:40am On May 15
Fuel 900 naira per liter
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by PARADIZEPRIEST: 10:40am On May 15
Rubbish,as long as it not benefiting the people not in govt ,is of no intrest.

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by CheapHomes1: 10:40am On May 15
Paraman:
My comment is for the people with common sense
does that exclude you? if it does not, then you should be able to shed light on the question asked. who are the "we"? did you receive any dollars from petroleum sale?

what is the result of all the previous dollars?

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by grandstar(m): 10:41am On May 15
Which source should we to believe- Opec's primary source or its secondary source?

If we deduct between the 2, there's a missing 50 000 barrels per day.
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Paraman: 10:41am On May 15
CheapHomes1:
does that exclude you? if it does not, then you should be able to shed light on the question asked. who are the "we"? did you receive any dollars from petroleum sale?

what is the result of all the previous dollars?
k

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Judolisco(m): 10:42am On May 15
OK... Kudos to the minister of petroleum....

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Melonsmasher: 10:42am On May 15
Paraman:
This means we're going to get more dollars. I hope it keeps on increasing.
Get sense first
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by hopexter(m): 10:43am On May 15
helinues:


If the news said our production is low, you would have celebrated right?

Being an opposition don't mean you people should be opposing every positive moves by this government. That na village opposition

Na so their sense reach na, enemies of good news undecided

1 Like

Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by GreenCovering: 10:44am On May 15
Ah!
Thank God o, make oil windfall happen, make government no touch our pension please.
grin
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by Etnot(m): 10:45am On May 15
Una go leave una gold and coal dey mine only crude oil
Re: OPEC: Nigeria’s Oil Production Rose To 1.28m Bpd — Highest In Africa by searchlight: 10:45am On May 15
helinues:


If the news said our production is low, you would have celebrated right?

Being an opposition don't mean you people should be opposing every positive moves by this government. That na village opposition
Now that the production is high, how does it benefit common man? The high production favours Tinubu and his friends because they will have enough to steal. Are you expecting anything meaningful from Tinubu and APC? Unless you don't have any sense.

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