Nigeria's Oil Production Surpasses 1.7 Million Barrels Per Day, NUPRC Commends Sector's Progress
Nigeria has achieved a significant milestone in its oil industry as oil production surpasses 1.7 million barrels per day, reflecting the country's progress towards its long-term production goals. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) commended the sector's development, highlighting recent improvements such as increased rig activity and renewed investor confidence.
Dr. Ibrahim Kalango, the Executive Director of the Oil and Gas Regulatory Authority (OGRA), emphasized the positive trends in the sector, including multi-billion dollar investments and a rise in upstream activities. The announcement of a new oil licensing round scheduled for December 1, 2025, aims to further boost investor confidence and drive transformation in Nigeria's petroleum sector.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
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