FG Set Target On Crude Oil Production

Oil Price: Nigeria, Others May Incur More Debts Next Year – OPEC

FG Set Target On Crude Oil Production …C0NTINUE READING HERE >>>

The Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that under the incumbent government, Nigeria remains committed to adhering to the production quota established by the Organisation of Petroleum Exporting Countries (OPEC).

Henzodaily understands that during the ministerial meeting with the federal government on June 2, 2023, OPEC raised Nigeria’s production target to 1.5 million barrels of crude oil per day (bpd) for the year 2024.

The organization indicated that Nigeria is expected to sustain this production level until December 2025.

Nevertheless, Nigeria…

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