Nigerian crude oil production hits 2.7 million barrels per day

Posted by admin Headlines, Oil Politics Friday, August 3rd, 2012

GROUP Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Andrew Yakubu, has revealed that a significant milestone has been recorded in the oil and gas sector, as Nigerian crude oil production increased from 2.4 million barrels per day to 2.7 million.

Yakubu disclosed this on Thursday, when the Benue State governor, Dr Gabriel Suswam, led a delegation on a working visit to the NNPC Towers, Abuja.

The GMD said the security measures put in place by the Federal Government in the Niger Delta region was beginning to yield positive results, as shown in the increased crude oil production in the country.

“We want to thank the president, Dr Goodluck Jonathan, for his great initiative to restore security with regards to pipelines and our crude oil production facilities and we thank the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, for driving the process.

“I am glad to report to you that in crude oil production, yesterday (on Wednesday), we recorded an all-time high of 2.7 million barrels. This has not been recorded before,” he said.

The NNPC helsman appealed to state governments, local governments, communities and other stakeholders to work in partnership with the corporation, to safeguard the pipelines and other strategic national assets in order to reduce wastages.

He expressed the readiness of the corporation to collaborate with the Benue State government to restore the Makurdi depot, adding that a similar collaboration with the Abia State government recently led to the re-commissioning of the Aba depot, after being closed for seven years.

He assured that as soon as pipelines supplying petroleum products from Aba to Enugu and Enugu to Makurdi depots were certified good, the corporation would commence immediate supply to the area.

“We have not had any negative report from Enugu to Makurdi pipelines and as soon as we do our integrity check and it is okay, we will commence supply to the Makurdi depot,” the GMD informed.

On the efforts by the corporation on gas infrastructure, he noted that various gas pipeline projects were currently ongoing across the country, to support the industriali-sation efforts of the Federal Government.

Yakubu enjoined Governor Suswam to assist in convincing his colleague governors to buy into the Petroleum Industry Bill (PIB) recently submitted to the National Assembly for consideration and passage into law, noting that the bill made provision for the growth of private initiatives in the petroleum industry.

Speaking earlier, Governor Suswam had commended the NNPC for the Kerosene Direct initiative, adding that the scheme had helped tremendously in the distribution of the product to the people of the state.

via Tribunewp_posts