NNPC CEO Plans 100,000 BPD Increase in Nigeria Oil Output
Nigeria aims to boost oil output by 100,000 barrels per day. NNPC CEO Bashir Bayo Ojulari says the country targets a 1.8 million bpd average for the year.
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Nigeria is working to grow its oil production by approximately 100,000 barrels per day (bpd) over the next few months, according to Bashir Bayo Ojulari, the Group CEO of the Nigerian National Petroleum Company. Speaking on the sidelines of the CERAWeek conference hosted by S&P Global Inc. in Houston, the CEO noted that the country averaged between 1.6 million and 1.7 million bpd last year and is targeting an average of 1.8 million bpd for 2026. This potential increase comes as global markets assess supply risks associated with the conflict involving the United States, Israel, and Iran.
\"We are building that capacity.\"
