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You dey Read: Naija Produce 236m Barrels of Crude Oil for First Half of 2024
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Naija Produce 236m Barrels of Crude Oil for First Half of 2024

Naija don produce 236,229,281 barrels of crude oil for di first half of 2024, despite supply gap issues to Dangote Refinery and odas. Dis de...

Chima Joseph Ugo
Chima Joseph Ugo July 19, 2024
Updated July 19, 2024 at 6:56 AM
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Naija Produce 236m Barrels of Crude Oil for First Half of 2024
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Naija Produce 236m Barrels of Crude Oil for First Half of 2024

Naija don produce 236,229,281 barrels of crude oil for di first half of 2024, despite supply gap issues to Dangote Refinery and odas. Dis dey according to di latest data wey Nigerian Upstream Petroleum Regulatory Commission post.

Di data show say for January, 44.2 million barrels of crude dey produced, while for February, 38.3 million barrels dey pumped out. For March, 38.1 million barrels dey produced, and for April, 38.4 million barrels dey achieved. In May, 38.8 million barrels dey pumped, and for June, 38.3 million barrels dey produced.

Di total barrels of crude oil wey dey produced for di first half of 2024 dey lower than di same period for 2023. Di data show say di country produce 1.43 million barrels of crude oil per day for January, wey be di highest average daily crude production within di six months.

Di daily oil production drop to 1.32mbpd for February, and further drop to 1.23mbpd for March. But for April, di daily production appreciate small to 1.28mbpd. However, di figure drop again to 1.25mbpd for May, at di time wey di Group Chief Executive Officer of di Nigerian National Petroleum Company Limited, Mele Kyari, say di country's daily oil production dey nearing 1.7 million barrels.

Di development come as di continued crude supply challenge issue wey Dangote Refinery raise. Devakumar Edwin, di Vice President of Dangote Industries Limited, lament say International Oil Companies dey frustrating Dangote refinery commencement on full scale by selling crude oil at higher price above di global market price.

Although, as solution, di NUPRC recently ask oil refiners for di country to provide monthly price quotes on crude supply. Di Nigerian Downstream Petroleum Regulatory Authority recently say Nigerians suppose beware of Dangote refinery petroleum products.

Source: Prime 9ja Online Pidgin: Naija Produce 236m Barrels of Crude Oil for First Half of 2024

Tags: Naija
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