Nigeria’s crude oil production recorded nine per cent increase in 2018

TVCNews

The Nigerian National Petroleum Corporation (NNPC) yesterday said daily crude oil production recorded an upward swing of about 2.09million barrels in the outgone 2018.

According to the NNPC Group Managing Director, Dr. Maikanti Baru, the increase, which translates to 9 per cent, when compared with the 2017 average daily production of 1.86million barrels, is an indication that the nation maintained year-on-year improvement.

Baru noted that the new business models his team emplaced in the national oil company’s old and new business entities led to the giant strides.

The Nigerian Petroleum Development Company (NPDC), Nigerian Gas Company (NGC), Petroleum Products Marketing Company (PPMC), Duke Oil, NIDAS and Integrated Data Services Limited (IDSL) are among the re-engineered companies listed by the Baru in his statement.