Nigeria’s crude oil production could rise to 1.9 million barrels per day in the near term following recent improvements in output, the Nigerian Upstream Petroleum Regulatory Commission has said.
The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, disclosed this on Wednesday during a meeting with the Chairman of the Nigeria Revenue Service, Zacch Adedeji, at the NRS headquarters in Abuja.
This was contained in a statement issued by the Head of Media and Corporate Communications of the NUPRC, Eniola Akinkuotu, on Wednesday.
Eyesan said the country’s oil industry had continued to record production growth, noting that crude output reached a peak of 1.86 million barrels per day in May, placing the industry on a stronger recovery path.
The meeting also focused on strengthening collaboration between the two agencies to promote transparency, accountability and efficiency in the collection of oil and gas revenues.
The statement read, “The Nigerian Upstream Petroleum
This post was originally published on this site.
