Garlands for GMD, NNPC, Mele Kyari at 56

Kindly Share This Story:By Udeme Akpan, Energy Editor With the outbreak of the Coronavirus pandemic, and lockdown, economic activities contracted significantly, leading to low demand for crude oil and dwindling prices, thus putting pressure on oil and gas companies and other stakeholders to put on their thinking caps, required to drive operations. Take the Mallam Mele Kyari-led Nigerian National Petroleum Corporation, NNPC, which represents the Federal Government in the Joint Ventures with the International Oil Companies, IOCs, as an example. In the past one and half years, the NNPC, working with other parties succeeded in increasing the nation’s oil production capacity from over 2.0 million barrels per day, mb/d to 3.0 mb/d in April, 2020. The nation has to limit itself to 1.4 mb/d, excluding Condensate as allowed by the Organisation of Petroleum Exporting Countries, OPEC. In terms of gas, as at November 2020, the NNPC achieved a total of 1.5 Billion Standard Cubic Feet production per day, while its equity production stood at 1.38billion cubic feet of gas per day. The Corporation successfully achieved the flagging-off by President Muhammadu Buhari on June 30, 2020 of the construction phase of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, which has the capacity… Read full this story

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