Budget: 2.3mbpd oil production is achievable in 2018 – NNPC

0
97


The Nigerian National Petroleum Corporation, NNPC, Monday, said the Federal Government’s 2.3 million barrels per day crude oil projection for the 2018 Budget is achievable and realistic.

Group Managing Director of the NNPC, Dr Maikanti Baru

According to a statement in Abuja, Group General Manager, Corporate Planning and Strategy, Mr. Bala Wunti, made this submission during a presentation to the House of Representatives Joint Committee on 2018-2020 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, at the National Assembly Complex in Abuja.

Wunti said the current production capacity for the country was more than 2.3 million barrels per day, noting, however, that due to the insecurity in the Niger Delta region, the full production capacity has not been achieved over the years.

“The 2018 crude oil national production projection for Joint Ventures, Modified…



Read More…..Vanguard Newspaper