The Nigerian National Petroleum Corporation (NNPC) has expressed confidence that it would meet the target of 2.3 million barrels of oil per day (MBOPD) benchmark used in the 2019 Mid Term Expenditure Framework (MTEF).
This was according to the group managing director of NNPC, Dr. Maikanti Baru, who stated this while appearing before the senate committee on finance on Tuesday.
Baru, who was represented by NNPC’s group general manager, Corporate Planning and Strategy, Mr Bala Wunti, disclosed that the corporation has installed oil production capacity of over 2.5 Mbopd to support the yardstick used in 2019 MTEF.
Baru identified the major obstacle to achieving the planned production volume as the security situation in the Niger Delta region, which according to him, has seen considerable improvement.
The NNPC GMD noted that the President Muhammadu Buhari’s administration’s strong focus on collaboration and effective community engagement for sustainable…
