Oil Production
NNPC declares state of emergency on crude oil production
Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, has declared a state of emergency on crude oil production. Kyari spoke on Tuesday in a keynote address at the opening ceremony of the 23rd edition of the Nigeria Oil and Gas Conference and Exhibition (NOG Energy Week) in Abuja. […]
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Nigeria Fails To Meet Oil Production Targets In 10yrs
Despite having crude oil in abundance, Nigeria has consistently failed to meet oil production targets as stipulated in national budgets over the last 10 years, according to Daily Trust. The country has, over time, maintained a mono-economy with crude oil sales constituting about 90 percent of its foreign exchange earnings. However, experts have projected that non-oil […]