NNPCL Reports N5.4tn Profit, Targets 3m/bpd Production by 2030
The Nigerian National Petroleum Corporation Limited (NNPCL) announced a remarkable profit of N5.4 trillion in 2024, showcasing improved operational efficiency and market fundamentals. The company aims to reach a production target of 3 million barrels per day by 2030 as part of its strategic plan to expand Nigeria's crude output and attract investments.
Achieving this goal will require substantial investments in upstream assets, enhanced security in oil-producing regions, and collaboration with international oil companies and local service providers. NNPCL emphasizes transparency, operational excellence, and value delivery to shareholders, including the Nigerian public.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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