Business

OPDS urges NNPCL, IOCs to meet 2.2mbpd oil production target

The Joint Task Force South-South, Operation Delta Safe (OPDS), has called on the Nigerian National Petroleum Company Limited (NNPCL) and International Oil Companies (IOCs) to increase production to meet the federal government’s target of 2.2 million barrels per day.

Coordinator of the OPDS Joint Media Campaign Centre, Major Kayode Owolabi, made the call, citing a directive from the Chief of Defence Staff, General Christopher Musa, to end crude oil theft.

Owolabi reported progress in crude oil production and security in the Niger Delta, with daily output reaching approximately 1.7 million barrels per day. He acknowledged some incidents of vandalism but urged local and international oil companies to ramp up production and fully utilize pipeline capacity.

OPDS Commander, Rear Admiral John Okeke, implemented measures to achieve 100% flow in major pipelines, and President Bola Tinubu announced a resurgence in the oil and gas industry due to economic reforms, with oil production increasing to 1.61 million barrels per day in May 2024.

Nigeria’s crude oil production has been declining due to theft, but the OPDS is working to improve security and meet the production target.

ALSO READ THESE TOP STORIES FROM NIGERIAN TRIBUNE 

 

Israel Arogbonlo

Recent Posts

Defection hits Cross Rivers PDP as ex-guber candidate, others dump party

She clarified that her switch was not driven by personal gain or the pursuit of…

9 minutes ago

Give us 90-day extension to release Tinubu’s records — FBI, DEA appeal to US District Court

Greenspan is demanding the release of records linked to a Chicago drug ring and has…

15 minutes ago

Gombe: Police arrest ‘war contractor’, recover local rifle, ammunition

"And, he was found in unlawful possession of a locally fabricated automatic rifle, eight live…

27 minutes ago

CBN posts N165bn surplus in 2024 financial year

The Central Bank of Nigeria (CBN) has announced that its bottom-line improved from a deficit…

43 minutes ago

Olojudo’s coronation: Planning committee unveils programme of activities

Okunade while providing more clarification on the event, said, “This historic and culturally significant occasion…

1 hour ago

2025: Top 10 African countries with the largest oil reserves

Oil is one of the main drivers of economic growth in Africa. It fosters international…

2 hours ago

Welcome

Install

This website uses cookies.