Tthe Group Chief Executive Officer of the Nigerian National Petroleum Company Limited Mele Kyari, has said that by July 2023, Nigeria’s crude oil production will reach 1.8 million barrels per day and 2 million barrels per day by December 2023.
He said this during an interview on Channels Television on June 1. During the interview, Kyari said Nigerians must understand that when it comes to crude oil production, condensates are just as important as crude oil and should also be classified as liquids, adding up to the country’s overall production output.
“The budget of this country is based on the cumulative production of our crude oil and condensates Mind you, sometimes, these condensates are more expensive than the crude oil, so it’s the total liquids we are dealing with.
“The total number of liquids as of today is up to 1.6 million barrels per day. We have a line of sight, by the end of July, we will hit 1.8 million barrels per day, and we will hit 2 million barrels per day by the end of December.
He further stated that President Tinubu has already instructed the security agencies to tackle all security threats and the additional layers of intervention as well as increased investments will enable Nigeria to realize these oil production goals.
