‘Nigeria’s crude oil production hit 2.025mbpd in June’

The Federal Ministry of Petroleum Resources has put Nigeria’s crude oil production, including condensate at 2.025 million barrels per day in June 2017.
Besides, the agency said the Federal Government is yet to secure funding for the rehabilitation of the country’s refineries.

These come as the Federal Executive Council (FEC) approved the National Gas Policy, aimed at improving Nigeria’s gas fortunes and to boost the country’s revenues from the commodity.
The ministry, in its June report released on Tuesday, put the country’s gas production at 6.741 billion standard cubic feet (bscfd) during the month under review.

According to the agency, Nigeria trucked out about 33.59 million litres (ml) of Premium Motor Spirit (PMS) also known as petrol; 8.90 ml Automative Gas Oil (AGO) also known as diesel; 1.84 ml Dual Purpose Kerosene, 1.04ml Aviation Turbine Kerosene (ATK); and 0.22 ml Low Pour Fuel Oil (LPFO) or black oil.
The ministry disclosed of ongoing activities to ensure that Nigeria ends the unsavoury practice of products importation by 2019, saying: “Our commitment and unquenchable effort to fully implement the refinery initiative of the 7BigWins, will bring a complete closure to petroleum products importation.”

The Guardian, July 7, 2017

 

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