NNPCL Targets 1.9 Million Barrels Oil Production Before End Of 2025

The Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, has said crude oil production has risen to 1.7 million barrels in two months from 1.5 million barrels, with the target of reaching 1.9 million barrels by year-end.

Ojulari who disclosed this at the inauguration of the NNPC Limited Board at the State House on Thursday in Abuja, said the team had already met with industry stakeholders to review operations and business relationships.

“We have had several meetings, and we have set a direction with the mandate that you have given us. We have commenced the journey with a bi-weekly meeting with stakeholders,” he said.

Ojulari noted that the management had started optimising various aspects of the company, including the turnaround maintenance of the refineries.

“We will promise what we can deliver, and we will deliver on our promise,” he added.

Ojulari also said the President’s economic reform had sent the right signals to attract foreign direct investments.

He assured that NNPC Ltd would operate as a business.

The Chairman of the Board, Ahmadu Musa Kida, thanked the President for the opportunity to serve the country.

He said the new Board would uphold the highest standard of leadership, courage and integrity in delivering on the President’s mandate.