Thursday, February 16, 2017

Dr. Ibe Kachikwu- Crude oil production risen to two million barrels per day

      The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has stated that crude oil production had risen to two million barrels per day.

  With this, Nigeria now produces additional 200,000 barrels per day, up from the 1.8 million bpd recorded in recent times.
  Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream) to defend the 2017 budget estimates of the Ministry of Petroleum Resources.
   The committee is chaired by a member from Delta State, Victor Nwokolo.
Kachikwu, who also spoke on the Forcados Oil Terminal, informed lawmakers that repair works on the facility were nearing completion.

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