Afrigather 
The Organisation of the Petroleum Exporting Nations stated Nigeria’s crude oil manufacturing rose to 1.418mbpd in December 2023.
OPEC, in its Month-to-month Oil Market Report for January 2024, stated Nigeria’s crude oil manufacturing elevated by 100mb/d, from 1.319mbpd in November, based on secondary sources.
Within the report launched on January 17, OPEC disclosed, based on direct communication, that the nation’s oil manufacturing in December stood at 1.335mpbd, as towards 1.250mbpd in November.
The report indicated that OPEC nations like Algeria, Congo, Iran, Libya, Kuwait, Saudi Arabia, and the United Arab Emirates suffered a discount within the oil output within the interval beneath assessment.
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“In line with secondary sources, whole OPEC-12 crude oil manufacturing averaged 26.70 mb/d in December 2023, larger by 73 tb/d, month-on-month. Crude oil output elevated primarily in Nigeria and Iraq, whereas manufacturing in Kuwait, Saudi Arabia, and IR Iran decreased,” the report stated.
Nigeria’s oil manufacturing had elevated regardless of circumstances of oil theft and unlawful refining websites within the Niger Delta.
In December, the Nigerian Nationwide Petroleum Firm Restricted expressed plans to supply two million barrels of crude oil per day in 2024.
NNPCL stated this is able to considerably increase the 1.67 million barrels of oil and condensates it claimed to be producing at the moment, saying it might allow Nigeria to fulfill the 2mbpd goal set by OPEC.
Chairperson of the NNPCL Board, Mr Pius Akinyelure, who made the disclosure, nonetheless, admitted that assembly such a goal would require overhauling Nigeria’s safety structure to handle pipeline vandalism and different mechanisms deployed in oil theft.
