NNPC: Nigeria Will Raise Oil Production To 1.8 MMbbl/d In 2019

Nigeria will increase its oil production to 1.8 million barrels per day (MMbbl/d) in 2019 and raise condensate production to 0.5 MMbbl/d, the managing director of Nigerian state oil firm NNPC said Nov. 13.

Nigeria currently produces 1.6 MMbbl/d of oil and 0.4 MMbbl/d of condensate, Maikanti Baru told Reuters.

NNPC is in the final stages of talks with consortiums including top traders, energy majors and oil services companies to revamp its long-neglected oil refineries in an effort to reduce its reliance on imported fuel. Baru said he expected deals to be signed this month.

“We are on it and we’re almost done,” he said.