 Limited says in 2023, Nigeria’s oil production may average 2.2 million barrels per day (bpd),){kind=link}
The Nigerian National Petroleum Company (NNPC) Limited says in 2023, Nigeria’s oil production may average 2.2 million barrels per day (bpd), including condensate., The group chief executive officer (GCEO), NNPC Limited, Mele Kyari spoke on Wednesday in an interview session at the 13th global UAE virtual energy forum.
In 2022, Nigeria’s oil production was relatively low, with the country missing production target set by the Organisation of Petroleum Exporting Countries (OPEC) throughout the year.
In August 2022, oil output hit an all-time low of 972,394 bpd, and further fell to 937,766 bpd in September.
However, in the last quarter of the year, production began to steadily increase, reaching 1.23 million bpd in December 2022.
Speaking during the interview, Kyari said there are supply shortages globally and no country is producing enough to close the supply gap.