₦airaland Forum

Nigeria’s oil production has been recovering in recent months and hit its highest level for 2024 in November with a total of 1.7 million barrels per day (bpd) of crude oil and condensate output, the latest data from the upstream regulator showed.

Nigerian production of crude oil and condensates rose in November by 13.3% compared to the 1.5 million bpd output in the same month of 2023, according to data from the monthly output report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The recent recovery of Nigeria’s oil production, which has risen from 1.5 million bpd earlier this year, is good news for the 2025 budget of the biggest African oil producer, experts tell Nigerian news outlet Vanguard.

Nigeria’s budget for next year is based on 1.7 million bpd of oil production and oil prices at $75 per barrel.

Last month, Nigeria boasted it had reached an output of 1.8 million bpd and said it could even hit 2 million bpd by the end of the year.

This summer, Nigeria’s national oil company NNPC declared a state of emergency on production in Nigeria’s oil and gas industry as Africa’s largest oil producer was struggling to boost output.

NNPC believes that Nigeria needs to take urgent action to address the challenges that have plagued the oil and gas industry for years, NNPC Group CEO Mele Kyari said earlier this year.

Oil theft and pipeline vandalism have long plagued Nigeria’s upstream oil and gas industry, driving majors out of the biggest OPEC producer in Africa and often resulting in force majeure at the key crude oil export terminals.

The recent jump in production to 1.7 million bpd (including condensate) and beyond has been the result of Nigerian authorities ramping up security measures at oilfields to crack down on pipeline theft and sabotages.

Source:
https://oilprice.com/Latest-Energy-News/World-News/Nigerias-Oil-Production-Hit-a-2024-High-of-17-Million-Bpd-in-November.html

God bless tinubu

ok na...how common man go benefit na em concern me i no follow for cabal

Useless propaganda. Yet fuel is sold for over 1k and people are dying of hunger.

TPAIN IS WORKING

And Nigerians are still broke and underfed.

Tinubu is working now, una no go talk o. If na bad news now, na so una bitter and hate-filled brain go dey do coital gymnastics.

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Las Las

Let it start to reflect on the lives of the people.

Didn't previous reports already claim the country reached a high of 1.8 million Bpd back in October 2024, a claim that was later debunked by OPEC?🙄🙄🙄🙄

https://www.nairaland.com/8277347/no-disparity-nuprc-confirmed-1.8m#133034223

https://www.nairaland.com/8283332/nigerias-oil-rigs-plummet-27#133135239

Moving up!

Gbadugbakun:
Useless propaganda. Yet fuel is sold for over 1k and people are dying of hunger.

Rome wasn't built in a day.

Nah step by step

U can't plant and harvest same day

Suru logba

Delta state

Still not enough.

jamafa:
✓ Rome wasn't built in a day. Nah step by step. U can't plant and harvest same day Suru logba

You can't do all that but you can lie and deceive people into believing you can and already have?

jamafa:
Rome wasn't built in a day.

Nah step by step

U can't plant and harvest same day

Suru logba

Abeg shut up jare. Suffer no de taya you.

You Ronu miscreants have been shouting step by step since 2015 when you supported Buhari into power. Yet Nigeria has been going backwards since then.

Can you point out one policy that Tinubu has made that is directly benefitting you not newspaper propaganda. Most of you cannot even afford to feed your families yet you are still supporting him. Abi did they curse you people ni.

Hand's off niger Delta oil 🛢️🪔 it belongs to the people of niger Delta not other tribes hands off

jamafa:
Rome wasn't built in a day.

Nah step by step

U can't plant and harvest same day

Suru logba

People think that leaders are the problem but not true. Brainless people like these are the real problems of Nigeria

A country whose crude oil quota should be atleast 5m bbl/d

And how much is pump price...

No impact , things are getting harder than ever. While tinubu and his gang are sharing millions of dollars everyday.

Good one

Yet naira keeps falling.
Anyway good news if only we could see the benefit not just to hear the tori.

bosschinalu:
TPAIN IS WORKING

Yes he is busy inflicting Pains on Nigerians

😂😂😂😂

We are pleased with the objective changes made so far.

Enemies will be pained

They will call in propaganda

Whether you like it or not, Nigeria will work under PBAT

We are already half way there and the storm is over

God bless Nigeria

haybhi1:
Tinubu is working now, una no go talk o. If na bad news now, na so una bitter and hate-filled brain go dey do coital gymnastics.

---

Anyway, if you care to make some dollar cash as a side hustle. Check my siggy, profile, and learn about ST, Cbex. It's about the only thing I can guarantee helps people get daily 10k+ lately

Bro can we just feel a little of positive impact on the Nation/citizens? What's the benefit of this fuc:king news with no impact on the populace?