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Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 - Politics - Nairaland

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Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Omooba77: 12:48pm On Feb 14, 2024
Nigeria’s crude oil production marginally dropped in January 2024 to 1.419 million barrels per day (mbpd) from 1.422mbpd in December last year.

The Organisation of Petroleum Exporting Countries, OPEC, disclosed this on Tuesday in its February Monthly Oil Report.

Accordingly, the figure represents a 3,000 bpd decrease in Nigeria’s crude oil production, OPEC said, quoting secondary sources.

“According to secondary sources, total OPEC-12 crude oil production averaged 26.34 mb/d in January 2024, lower by 350 tb/d, month-on-month. Crude oil output increased mainly in the UAE, Saudi Arabia and Venezuela, while production in Libya, Kuwait, Iraq and Algeria decreased,” the report said.

However, the report noted that that the nation’s oil production rose from 1.33mbpd to 1.42mbpd, based on data obtained through direct communication.

The development comes as the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, while presenting an address at the Petroleum Technology Association of Nigeria, PETAN, Sub-Saharan Africa International Petroleum Exhibition and Conference, on Tuesday, said Nigeria’s oil production currently averages 1.586mbpd, made up of liquid 1.33mbpd output and 256,000 condensate oil production.

DAILY POST recalls that Nigeria’s crude production increased month-on-month in December.

Meanwhile, the country’s output is below its 2024 budget target of 1.78mbpd.

Nigeria’s 2024 budget implementation depends heavily on proceeds from crude sales.

https://dailypost.ng/2024/02/14/nigerias-crude-oil-production-dropped-by-3000-barrels-per-day-in-january-2024-opec/

2 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Omooba77: 12:54pm On Feb 14, 2024
Loosing income daily......

4 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by immortalcrown(m): 1:01pm On Feb 14, 2024
I expected the crude oil production to increase since the government claimed oil has been discovered in the North.

Anyways, any economic difference between now and when the oil didn't drop?

17 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Jnas: 1:01pm On Feb 14, 2024
Tired of all these bad news abeg

3 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Nbote(m): 1:11pm On Feb 14, 2024
They have reconnected their pipelines after deceiving Nigerians with pipeline connections discovery

19 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by israelmao(m): 7:31pm On Feb 14, 2024
What about the quantity being stolen daily by the heartless leaders?

5 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Lovenorth: 7:31pm On Feb 14, 2024
The poor are the cause of the drop, let us have
a reason to glorify Tinubu's government.

2 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Tjra: 7:31pm On Feb 14, 2024
Jagaban2012:
Any bad news about the present government some people in one region are here to push it to the front page....so it will seem the government is not. working.....
Some efforts have been made towards revamping the oil sector. You will hardly see this.....on the front page....all these saboteurs....keep working hard for your taskmasters....8 years is far for you to stop pushing nonsense news.....

Lemme quickly go. and drop bad news about this Tinubu government..on Twitter...I'm sure one of the fools who is part of the Seun Team from one region will still come to comply. and paste it on nairaland and it will make it. the front page...
Well, that's our strategy for 2024 based on the outcome of the meetings we had in our villages last Christmas.

Tinubu get oil for head. The man Chi just dey scatter all our plans so we have to create tension in the land through social media posts.

You no sabi the game?

4 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Firstorderwizard(m): 7:32pm On Feb 14, 2024
They disconnected perceived enemy pipelines and connected their own proper. grin



Nbote:
They have reconnected their pipelines after deceiving Nigerians with pipeline connections discovery

6 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Sagacity3711(m): 7:33pm On Feb 14, 2024
Dey play
Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by goodconsience77: 7:33pm On Feb 14, 2024
But they told us that our crude oil has already been sold to the future. Let them continue to deceive us as things getting worst every day. The problem of our leaders is lies upon lies. Righteousness exalt the nation but sin.....

6 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by 89green: 7:34pm On Feb 14, 2024
Just tired of all these nonsense news everywhere. Naija whc way?

3 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Oritna94(m): 7:34pm On Feb 14, 2024
Same old story every day. No improvement. Smh. The country needs resuscitation pronto!!!!

4 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Karleb(m): 7:34pm On Feb 14, 2024
Supply can not meet demand but all you people think of is how to increase the price.

If you like, make a litre N1k, as long as demand is more than supply, the true value of a liter will get there and naturally surpass that amount. Let's even forget about refinery or no refinery for now.

2 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Rebuker(m): 7:35pm On Feb 14, 2024
Story story.

How far with Dangote? I guess his refinery is having shortage too.

4 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Blackfire(m): 7:35pm On Feb 14, 2024
Badnews everyday

1 Like

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Oxtertee(m): 7:35pm On Feb 14, 2024
Who cares undecided, it can drop to - 0⃣ percent. What's the essence and benefit of the oil production on ordinary citizen of the country.

3 Likes 1 Share

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by CelestineNelson: 7:35pm On Feb 14, 2024
Tinubu must finish his 8years or else na that 8years go finish am

2 Likes 1 Share

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Rebuker(m): 7:35pm On Feb 14, 2024
Oritna94:
Same old story every day. No improvement. Smh. The country needs resuscitation pronto!!!!




Lol. We know their game already.

1 Like

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by koxyz: 7:35pm On Feb 14, 2024
Story story

2 Likes 1 Share

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by tunjijones(m): 7:36pm On Feb 14, 2024
More hunger to come...
Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by INTEGRITYA1(m): 7:36pm On Feb 14, 2024
Okay
Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by labake1(f): 7:38pm On Feb 14, 2024
Rebuker:
Story story.

How far with Dangote? I guess his refinery is having shortage too.



First product will be out next week

2 Likes

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by ellizy(m): 7:40pm On Feb 14, 2024
Another excuse for a failed administration
Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by ezechi24(m): 7:41pm On Feb 14, 2024
I don't actually blame Nigerians for the disaster we are all passing through because only 2% of the population voted the Buffon in aso rock....the useless INEC AND JUDICIAL officials are the reason for this hardship and may God punish them and their generation till enternity.

1 Like

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Jagaban2012: 7:41pm On Feb 14, 2024
Any bad news about the present government some people in one region are here to push it to the front page....so it will seem the government is not. working.....
Some efforts have been made towards revamping the oil sector. You will hardly see this.....on the front page....all these saboteurs....keep working hard for your taskmasters....8 years is far for you to stop pushing nonsense news.....

Lemme quickly go. and drop bad news about this Tinubu government..on Twitter...I'm sure one of the fools who is part of the Seun Team from one region will still come to comply. and paste it on nairaland and it will make it. the front page...

2 Likes 1 Share

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by manutdrichie(m): 7:44pm On Feb 14, 2024
But NNPC used to report 800k bpd to Nigerians

It shall never be well with Buhari

3 Likes 1 Share

Re: Nigeria’s Crude Oil Production Dropped By 3,000 Barrels Per Day In January 2024 by Anguldi(m): 7:44pm On Feb 14, 2024
tongue

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