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FG : Nigeria Will Meet Three Million Barrels Per Day OPEC Quota

Chief Timipre Sylva, Minister of State for Petroleum Resources, has stated that Nigeria will meet the three million barrels per day quota set by the Organization of Petroleum Exporting Countries (OPEC).

Despite the fact that the country currently produces around 1.3 million barrels per day, Sylva stated that aggressive attempts are being made to enhance output in order to satisfy the OPEC quota.

During the 2021 graduation ceremony of the Petroleum Training Institute (PTI) in Effurun, Delta State, Sylva offered the assurance.

Dr. Nasir Gwarzo, Permanent Secretary, Ministry of Petroleum Resources, represented the minister, who stated that the Federal Executive Council (FEC) had directed the ministry to reach the three million barrels per day production target as soon as possible.

Sylva stated, “Some of the strides of the petroleum ministry, one of which is the mandate to increase crude oil production to three million barrels per day. Today, we are producing about 1.3 million barrels per day. The ministry is putting all concerted efforts to meeting the current OPEC quota.”

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