Oil Firms Will Return To Full Production – FG

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The Federal Government, on Tuesday, said it was working to ensure that all local and international oil companies returned to full capacity production of crude oil in Nigeria.
Major oil producers in Nigeria have drastically cut down on crude oil production due to the widespread vandalism of pipelines and oil theft in the Niger Delta region by criminals.
The decisions of the oil companies have affected the volume of daily crude oil production, leading to humongous revenue loss for the country.
But in the last few months, the improved security surveillance along the major crude oil corridors has helped to improve oil output from about 900,000 barrels per day in September to between 1.4 and 1.6 million barrels per day in December, according to senior government officials.
But the Minister of State for Petroleum Resources, Timipre Sylva, while speaking in Abuja on Monday at a meeting with the team from Eni SpA, said the Federal Government would continue to improve security along the tracks of the major crude oil pipelines and block every leakage.