The Nigerian National Petroleum Company Limited (NNPCL) has expressed confidence in the feasibility of its projections for crude oil production and the price benchmark set for the 2024 budget.informationguidenigeria
During an interactive session with the Senate Committee on Finance at the National Assembly in Abuja, NNPCL Group Chief Executive Officer, Mr. Mele Kyari, addressed the realistic nature of these projections.NYSC Portal
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In a statement released by Mr. Olufemi O. Soneye, the Chief Corporate Communications Officer of the NNPCL, Kyari conveyed optimism regarding the market dynamics. He stated that it is unlikely for crude oil prices to drop to $70 per barrel, acknowledging, however, that price fluctuations are a normal market phenomenon.JAMB Result
This stance by the NNPCL reflects a positive outlook on the global oil market and Nigeria’s capacity to meet its production targets.JAMB Result
The projection of a $77.96 price benchmark for 2024 is a critical factor in the country’s budget planning and economic forecasts.
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