Crude Oil Production In Nigeria, Rises By 200,000-FG

The Federal Government has announced that crude oil production in Nigeria had risen from 1.8 million barrels per day to 2 million barrels. This was announced by the Minister of State for Petroleum Resources, Dr. Ibe Ikachikwu.

With this, Nigeria now produces additional 200,000 barrels Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream) to defend the 2017 budget estimates of the Ministry of Petroleum Resources.

The committee is chaired by a member from Delta State, Victor Nwokolo.

Kachikwu, who also spoke on the Forcados Oil Terminal, informed lawmakers that repair works on the facility were nearing completion.

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