Friday, August 3, 2012

Nigeria’s oil production hits 2.7 million bpd

President Goodluck Jonathan
The Group Managing Director, Nigerian National Petroleum Corporation, Mr. Andrew Yakubu, has said that a significant milestone was recorded in the oil and gas sector on Wednesday as the country’s crude oil production increased from 2.4 million barrels per day to 2.7 million bpd.
Yakubu disclosed this on Thursday when the Governor of Benue State, Dr. Gabriel Suswam, led a delegation to the NNPC Towers, Abuja.

He said the security measures put in place by the Federal Government in the Niger Delta were beginning to yield positive results as shown in the increased crude oil production in the country.
“We want to thank the President, Dr. Goodluck Jonathan, for his great initiative to restore security with regards to pipelines and our crude oil production facilities and we thank the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, for driving the process. I am glad to report to you that in crude oil production, yesterday (Wednesday), we recorded an all time high of 2.7 million barrels. This had not been recorded before,” Yakubu added.

He appealed to all the state governments, local governments areas, communities and other stakeholders to work in partnership with the corporation to safeguard the pipelines and other strategic national assets in order to reduce wastages.
Yakubu expressed the readiness of the corporation to collaborate with the Benue State Government to restore the Makurdi depot, adding that a similar collaboration with the Abia State Government recently led to the re-inauguration of the Aba depot after being closed for seven years.
He assured that as soon as pipelines supplying petroleum products from Aba to Enugu and Enugu to Makurdi depots were certified okay, the corporation would commence immediate supply to the area.
“We have not had any negative report from the Enugu to Makurdi pipelines and as soon as we do our integrity check and its okay, we will commence supply to the Makurdi depot,” he said.
On the efforts by the NNPC on gas infrastructure, the GMD noted that gas pipeline projects were currently ongoing across the country to support the industrialisation efforts of the Federal government.
Yakubu enjoined Suswam to assist in convincing his colleagues to buy into the Petroleum Industry Bill recently submitted to the National Assembly for consideration and passage into law. He noted that the bill made provision for the growth of private initiatives in the petroleum industry.
Earlier, Suswam had, commended the NNPC for the Kerosene Direct initiative and said the scheme had helped tremendously in the distribution of the product to the people of Benue State.

He said that his administration was willing to partner with the corporation in the resuscitation and expansion of the Makurdi depot, development of gas infrastructure and the ethanol project of the corporation.
The high point of the visit was a presentation by the state government on the Makurdi tank farm.

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