According to the Organisation of the Petroleum Exporting Countries (OPEC) Monthly Oil Market Report for January 2024, Nigeria’s crude oil production increased to 1.418 million barrels per day (mbpd) in December 2023.informationguidenigeria
This is a rise from 1.319 mbpd in November. The report, based on secondary sources, also revealed that according to direct communication, Nigeria’s oil production in December stood at 1.335 mbpd, up from 1.250 mbpd in November.JAMB Portal
In contrast, some OPEC countries experienced a reduction in oil output during the same period.JAMB Result
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“According to secondary sources, total OPEC-12 crude oil production averaged 26.70 mb/d in December 2023, higher by 73 tb/d, month-on-month. Crude oil output increased mainly in Nigeria and Iraq, while production in Kuwait, Saudi Arabia, and IR Iran decreased,” the report said.NYSC Portal
NNPCL said this would significantly boost the 1.67 million barrels of oil and condensates it claimed to be producing at that time, saying it would enable Nigeria to meet the 2mbpd target set by OPEC.
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