According to the announcement made by the Minister of State for Petroleum Resources, Heineken Lokpobiri, Nigeria, the largest oil producing country in sub-Saharan Africa, has managed to increase its daily oil production to 1.8 million barrels.
This increase in production is the result of the efforts of the Nigerian National Petroleum Company Limited and its partners.
The minister also indicated that production volumes could reach 2 million barrels per day by the end of the year.
This increase in oil production is good news for Nigeria, whose economy depends heavily on crude exports.
Nigeria is indeed experiencing significant challenges linked to security and production disruptions following frequent sabotage of oil infrastructure.
The increase in production should therefore allow the country to generate more revenue and stabilize its oil industry.
It is worth noting that Nigeria is one of the largest oil producers in the world.
This is not the first time that this African country has increased its daily oil production.
The country is counting on money from the exploitation of oil deposits to restore its financial health in order to carry out important projects for the benefit of the populations.
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