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Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable (12782 Views)

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Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by ifyan(op): 9:50am On Mar 01, 2017
The Nigerian National Petroleum Corporation (NNPC) has revealed that the country is now producing as much as 2.1 million barrels of oil per day.


Speaking at the 2017 Nigeria oil and gas conference and exhibition, Makainti Baru, general managing director of the NNPC, said the ongoing negotiations with stakeholders in the Niger Delta is responsible for the surge.

“Crude production has steadily increased to 2.1m b/d due to some strategic dialogue efforts embarked upon by the federal government in the Niger Delta,” Baru said.

“The resolution of cash call arrears will increase the confidence of JV Operators and therefore trigger more investment in new projects.

Two weeks ago, Ibe Kachikwu, minister of state for petroleum resources, said Nigeria’s oil production had risen to two million barrels per day, as Africa’s largest producer.

“In some weeks, we will be able to progress to 2.2 million bpd, which is the target of the (2017) budget,” Kachikwu had said.

In 2016, oil production in Nigeria fell below 1.5 million per day, aiding Nigeria’s journey into a recession, following a massive drop in revenue, rising inflation and subsequent unemployment.


http://www.nairausd.com/2017/03/nigeria-now-pumping-21m-barrels-of-oil.html

Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by veekid(m): 9:56am On Mar 01, 2017
Osinbajo is making us proud; Buhari can go and die
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by rossyc(f): 9:56am On Mar 01, 2017
ok
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by stefanweeks: 9:56am On Mar 01, 2017
ftc
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by BLACKbullet: 9:56am On Mar 01, 2017
Acting President Osibanjo is working
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by fabuloz1(m): 9:57am On Mar 01, 2017
Ok
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by BLACKbullet: 9:57am On Mar 01, 2017
stefanweeks:
ftc
First to do what.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by veekid(m): 9:57am On Mar 01, 2017
stefanweeks:
ftc
actually you're third
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by CriticMaestro:
good one lets go there, thankyhu Lord. no more excuses

Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by LastSurvivor11: 9:58am On Mar 01, 2017
There is no price too much for peace..

I pray the tyrant general wunt come back and spoil our little progress..
He should just Base there or go die instead of killing Nigerians with hardship..

Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by Drtee(m): 9:58am On Mar 01, 2017
Wow! Another good news
Hoping that this isn't another lie sha
Nigeria must be great again
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by sagio09:
Osibanjo is really trying, no doubt about it.
Naira gaining strength daily (425/$ today)
Power don dey show face dix days
Naw increase in petrol pumping per day.
Commodities prices have started to fall small small(jst bought a satchet of peak dix morning for #45 instead of the usaual #50).
The remaining thing the prof will do is to reduce the pertol pump price to withn #120- #130 nd see haw he will win souls.
Bt APC said its nt prof bt rather a joint ticket sad
Okay May God be ur strength prof osunbande grin
We shall get there when its due time.

Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by u11ae1013: 9:59am On Mar 01, 2017
thanks to osunbande
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by Ajiswaggs(m): 9:59am On Mar 01, 2017
Good
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by Boboforthegirls: 9:59am On Mar 01, 2017
Sai yemi
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by Flatties: 9:59am On Mar 01, 2017
Nice..
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by freeborn76(m): 9:59am On Mar 01, 2017
The benefit of nonviolent diplomatic resolution of conflicts...
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by daeujo: 9:59am On Mar 01, 2017
In this month of march, you will conquer every opposition on your path to success. Happy new month all.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by ephi123(f): 10:00am On Mar 01, 2017
Buhari, please just stay put in London. Thank you in advance.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by SamuelAnyawu(m):
Osinbajo is running an all inclusive system of Government.... He listens to everyone even if you are from Mubi or Nnewi or Ijebu Ode.


Ride On Sir.... We are Solidly behind you cool

shamecurls:






God bless His Excellence, [s]President Mohammadu Buhari (GCFR) and The Vice-[/s][b]President, Yemi Osinbanjo.






[/b]

Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by kurajordan(m):
//
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by drss2(m): 10:01am On Mar 01, 2017
niger delta oyel still d life wire of nigeria.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by makdcash(m): 10:01am On Mar 01, 2017
Nice one....we getting there....
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by Kiakia(m): 10:01am On Mar 01, 2017
ifyan:
The Nigerian National Petroleum Corporation (NNPC) has revealed that the country is now producing as much as 2.1 million barrels of oil per day.


Speaking at the 2017 Nigeria oil and gas conference and exhibition, Makainti Baru, general managing director of the NNPC, said the ongoing negotiations with stakeholders in the Niger Delta is responsible for the surge.

“Crude production has steadily increased to 2.1m b/d due to some strategic dialogue efforts embarked upon by the federal government in the Niger Delta,” Baru said.

“The resolution of cash call arrears will increase the confidence of JV Operators and therefore trigger more investment in new projects.

Two weeks ago, Ibe Kachikwu, minister of state for petroleum resources, said Nigeria’s oil production had risen to two million barrels per day, as Africa’s largest producer.

“In some weeks, we will be able to progress to 2.2 million bpd, which is the target of the (2017) budget,” Kachikwu had said.

In 2016, oil production in Nigeria fell below 1.5 million per day, aiding Nigeria’s journey into a recession, following a massive drop in revenue, rising inflation and subsequent unemployment.


http://www.nairausd.com/2017/03/nigeria-now-pumping-21m-barrels-of-oil.html
The Osinbajo magic! This should also equate to improved power supply and reduction in the pump price of petrol. The Prof. should make this happen.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by chloedogie(m): 10:01am On Mar 01, 2017
Great news. God bless this country. We will keep praying for this country and with or without a sitting president, the stars of this great nation will keep shinning. God bless NIGERIA. Respect to all who have embraced peace. From the very good people of Niger Delta, to the westerners, to the northerners, to the easterners and to the presidency.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by cygnus05(m): 10:01am On Mar 01, 2017
Good development there ...!
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by Kingspin(m): 10:01am On Mar 01, 2017
Na oil we go chop? Common give us better life.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by vecman22(m): 10:02am On Mar 01, 2017
.
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by veekid(m): 10:02am On Mar 01, 2017
Drtee:
Wow! Another good news

Hoping that this isn't another lie sha

Nigeria must be great again
Nigeria bn great before?
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by shamecurls(m): 10:02am On Mar 01, 2017






God bless His Excellence, President Mohammadu Buhari (GCFR) and The Vice-President, Yemi Osinbanjo.





Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by freeborn76(m): 10:02am On Mar 01, 2017
chloedogie:
Great news. God bless this country. We will keep praying for this country and with or without a sitting president, the stars of this great nation will keep shinning. God bless NIGERIA. Respect to all who have embraced peace. From the very good people of Niger Delta, to the westerners, to the northerners, to the easterners and to the presidency.
Thank you very much for your post...this has my vote as post of the week!
Re: Nigeria Now Pumping 2.1m Barrels Of Oil Per Day, Says NNPC – The Cable by AngelicBeing: 10:03am On Mar 01, 2017
BLACKbullet:
Acting President Osibanjo is working
tongue

1 2 3 Reply

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