Business

NNPC says Nigeria will raise oil production to 1.8 million bpd in 2019

Isaac UmunnaComment(0)

Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd, the managing director of Nigerian state oil firm NNPC said on Tuesday.

Nigeria currently produces 1.6 million bpd of oil and 0.4 million bpd of condensate, Maikanti Baru told Reuters. He added that he expected NNPC to sign deals with consortiums this month to revamp long-neglected oil refineries.

Pix: NNPC headquarters Abuja

Isaac Umunna

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