Oil Production Increases by 25,000 barrels per day – OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s daily oil production rose by 25,000 barrels per day, increasing from 1.251 million barrels per day in May to 1.276mbpd in July.

It disclosed this in its Monthly Oil Market Report for the June, quoting direct communication with the Nigerian government.

According to the report on Thursday, the country’s oil production fell from 1.28mbpd in April to 1.25mbpd in May.

Despite efforts by the government to ramp production, Nigeria could not return to the 1.28mbpd it was in April.

Recently, the NNPC disclosed that it has declared a state of emergency on oil production.

It said this was a move towards increasing Nigeria’s crude oil production and growing its reserves.

Kyari, disclosed this in a keynote address at the Nigeria Oil and Gas Conference and Exhibition Week in Abuja.

“We have decided to stop the debate. We have declared war on the challenges affecting our crude oil production. War means war. We have the right tools. We know what to fight. We know what we have to do at the level of assets. We have engaged our partners. And we will work together to improve the situation,” Kyari declared.