Nigeria Projects 1.8 Million Barrels Production May 2023

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Naijanews Dec. 6, 2022 9:46 a.m.

Nigeria Projects 1.8 Million Barrels Production May 2023

According to the minister, the inability of Nigeria to meet the current OPEC quota was not due to lack of production capacity on the part of crude oil producers, “but because a lot of producers decided not to inject into the pipelines as they were losing a lot of their production when they inject into the pipelines.” Sylva in a statement released through his Senior Adviser Media and Communications, Horatius Egua quoted his saying,“Once we are able to build enough confidence in the security of the pipelines, they (producers) will then be able to inject into the pipelines once again.

“But I believe that even before the third quarter of next year, we should be able to exit the importation of refined products.” Speaking on the discovery of crude oil in Kolmani, a border town between Bauchi and Gombe states, Sylva said Nigeria should brace up for more oil finds, adding that only the Niger Delta region had been explored for oil despite potential in other regions of the country..

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