Navy Says Committed to Ensuring Oil Production Increase to 3mb/d by December 2025
This ambitious target is part of the federal government's broader strategy to boost the country's oil production. Currently, Nigeria's daily crude oil production stands at around 1.8 million barrels per day.
To achieve this goal, the Navy plans to intensify its efforts to secure the nation's oil infrastructure, particularly in the Niger Delta region. This will involve combating oil theft, pipeline vandalism, and other illicit activities that have hindered oil production in the past.
The Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, expressed confidence that the 3 million barrels per day target is achievable. He highlighted the Navy's successes in reducing oil theft and illegal activities, which have contributed to the significant increase in oil production.
The Navy's commitment to ensuring the security of the nation's oil assets is crucial to achieving this ambitious target. With their efforts, Nigeria is poised to make significant strides in boosting its oil production and contributing to the national economy.
https://business247news.com/2024/12/31/navy-committed-to-ensuring-oil-production-increase-to-3mb-d-by-december-2025/