The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Authority say the country’s crude oil production has risen beyond the 1.5 million barrels per day quota allocated to it by the Organisation of the Petroleum Exporting Countries.
The Chief Corporate Communications Officer of the NNPC, Olufemi Soneye, disclosed this in a statement on Monday.
Soneye issued that statement to clarify that there was no discrepancy between the NNPC crude oil production figures and those supplied by the Nigerian Upstream Petroleum Regulatory Company.
The company clarified the situation against the backdrop of reports that the 1.54 million barrels per day for September, as cited by the NUPRC, was far below the 1.8mbpd for November, as cited by the NNPC.
According to Soneye, the seeming disparity resulted from the difference in the period of the report.
“The seeming disparity is as a result of the difference in the period of coverage in the reports whereas the NNPC Ltd’s figure was the peak production for October 2024, the NUPRC’s figure was the average production for September 2024,” Soneye said.
