Business Nigeria's Oil Production Hits 2 Million Barrels Daily



The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Wednesday disclosed that crude oil production in the country had risen to two million barrels per day.

Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream), chaired by a member from Delta State, Victor Nwokolo to defend the 2017 budget estimates of the Ministry of Petroleum Resources.


Kachikwu explained that ongoing repairs on oil facilities and negotiations between the Federal Government and militant groups in the Niger Delta region were yielding results.

The minister, who also spoke on the Forcados oil terminal, informed the lawmakers that repair works on the facility were nearing completion.

"In a matter of weeks, the facility could be reopened, a development the minister said would further shoot up oil production to 2.2 million bpd".