the World Bank said that Nigeria’s economy will be driven by the non-oil sector as oil production is projected to remain subdued in 2023 due to several factors.
Although outages were recorded in 2022, the AEC sees growth in production by 2023
OPEC says Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in the month of June 2022.
Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, as the country complied with OPEC’s production cuts. #OPEC,#NNPC
The Nigerian National Petroleum Corporation (@NNPCgroup), has disclosed that to meet the country's premium motor spirit (PMS) requirement by 2025, Nigeria needs a refining capacity of about 1.52 million barrels per stream day (MBPSD).
