Nigeria’s Crude Oil and condensate production increased by 36,983barrels per day (bpd) from 1.53million per day (mod) in July 2024 to hit 1.57million barrels per day (mb/d) last month.
This was contained in the Nigerian Upstream Petroleum Regulatory Authority (NUPRC) “Crude Oil and Condensate Production – August 2024,” report released on its website yesterday.
It said in the period under review, the country produced 1.3 mb/d of crude oil, 55,300b/d of blended condensate, and 163,693b/d unblended Condensate, totally 1.57mb/d. Nigeria’s Crude Oil output in June this year was 1.5mb/d; May 1.4mb/d; April 1.4mb/d; March 1.43mb/d; February 1.53m/d; and 1.64mb/d in January.
Oil production has been fluctuating in the country owing to pipeline vandalism, crude oil theft and illegal refining of the black gold in the Niger Delta.
In a related development, the Nigerian National Petroleum Company Limited (NNPCL) last Tuesday vowed that it is intensifying its onslaught against crude oil theft in the country, revealing that security operatives arrested 25 suspected crude oil thieves in one week in the Niger Delta.
