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Kolawole Adesina
2 months ago
Overview
The Nigerian Upstream Petroleum Regulatory Commission has revealed that the volume of stolen crude oil in the country has reduced to about 5,000 barrels per day, enabling oil production to rise to 1.75 million bpd as of January 2025.
The Commission Chief Executive, Gbenga Komolafe disclosed this as part of reforms and achievements in Nigeria’s oil and gas sector under the current administration at the Renewed Hope Global Town Hall Conference held in Abuja.
A press statement by the Head of Public Affairs and Corporate Communication, Olaide Shonola, on Sunday, said this was achieved through kinetic and non-kinetic interventions.
Komolafe said that owing to the intervention, crude oil production that dipped to 1.1mbpd in 2022 has now soared to 1.7mbpd.
